Aircraft financing typically draws comparison to voodoo magic at a committee level — some group of bankers in the back of an office sitting around a table diving through the credit report and financials amidst discussions about their golf game. This couldn't be further from the truth. An aircraft loan is typically a hybrid of the underwriting used for an auto loan and a home loan. Aircraft loan underwriting has the speed of an auto loan (typically 1-2 business days), but requires income verification such as with a home mortgage. Beyond the underwriting, there are a number of elements that impact the rates and terms available for a particular aircraft loan. Learn more.
1. What was the first city to call a field facility for flight an "airport?"
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