Eagle Aviation Finance, Inc.

EAF like most aircraft lenders and lessors will request basic information about the borower, the aircraft and the aircraft mission.

When it's time to secure financing for your aircraft purchase, EAF reviews more than just your income and credit history. We review the entire package looking for the fastest way to obtain application approval.

When financing an aircraft, the aircraft itself determines some of the conditions of the financing. Here are some factors that we consider when financing/leasing an aircraft.

AIRCRAFT USAGE:

EAF wants an understanding of the total usuage of the aircraft.  How may hours will be flown Part 91, Part 135 combination etc. The number of annual aircraft total hours may fly could impact the financing structure.

EAF will typically require the aircraft to be on an enginge maintenace program or a bank engine reserve acccount.

AGE, MAKE, AND MODEL

EAF reviews all opportunites on a stand alone basis, however, the older an aircraft, the fewer the financing options may be available. 

HISTORY

The more comprehensive information provided EAF about your proporsed aircraft, the faster, easier and painless the loan under writing process can be.

EAF Aircraft Specification Work Sheet,
CAMP (CMP) Maintenance Reports,
Damage History, Form 337's filed,
Appraisal (Desk top or physical) or Audit
Photos
Complete Log Books

DOWN PAYMENT

Be aware that when financing an aircraft, a down payment is required. Most common is a down payment ranging from 10 percent (10%) to 20 percent (20%). The amount of the down payment can affect rates, terms and amortization.

APPROVAL PROCESS

Questions for preliminary review:

Borrower

Address

Guarantors

Address

Aircraft Purchase Price

Requested Finance Amount

Aircraft Domicile

Part 91 or Part 135 Operation

Estimated Flight Hours

Previously Owned Aircraft

Aircraft specifications work sheet

For Individual Borrowers:

Completed EAF Loan Application, EAF signed aircraft loan proposal, and Signed EAF Credit Bureau Report (CBR) authorization, bank and trade release.

Current personal financial statement (no older than six months), signed and dated.

Last two years' complete personal tax returns, including all K1s.

Bank and brokerage statements that verify liquid assets (cash and marketable securities).

Copies of Passports, Driver's License and Pilots License (if appicable).

For Corporate Borrowers:

Last three years' audited financial statements or if unaudited internal financials and complete tax returns.

Current interim financial statement for the most recent period available.

Depending on company structure principal information may be needed.