Aircraft Loans

Flexible repayment terms on aircraft and sail plane loans are available up to 15 years based on the purchase price and valuation. Our experts will discuss the term options with you based on the aircraft you want to purchase and can give you the right advice and the right financing to get you airborne fast.
Helpful advisors with more than 37 years of experience in aircraft lending and 44 years of aircraft ownership are available to you to discuss aircraft loans. Our advisors can offer an exceptional level of experience in aircraft financing to make a meaningful difference in your financial goals. Pryority.Bank has been doing nationwide aircraft lending longer than any other lender.
We specialize in recreational piston single engine and loans to aerial applicators, sail planes, and moto gliders.

Disclaimer +

All loan products are subject to credit approval. Applicants must be 18 years or older in order to apply.

We may not loan on ultralights, twin engine aircraft, warbirds, some aircraft placed on leaseback, helicopters, antiques, wood-wings, most cloth-covered aircraft, leasebacks, flight schools, jets, Part 135 or other commercial operations, or on any aircraft based and operated outside the continental U.S.

We will finance an aircraft used for training purposes so long as the aircraft is used for training by the borrower only.

Why choose Pryority.Bank for your aircraft loan?

Equity Requirements

Single Engine

Aircraft over $47,000 value, we will loan a maximum of 85% of the LOWER of the agreed price or alternatively what BOTH general aviation, industry standard books*** say is the average book retail value.

Aircraft under $47,000 value, we will loan a maximum of 80% of the LOWER of the agreed price or alternatively what BOTH general aviation, industry standard books*** say is the average book retail value.

Aircraft considered light sport or experimental airplanes, we will loan a maximum of 80% of the LOWER of the agreed price or alternatively what BOTH general aviation, industry standard books say is the average book retail value.

Agriculture Planes

80% of value or price, whichever is lower

Various terms offered

We do not loan on start-up spraying operations.

Sail Planes and Moto Gliders

Loan up to 85% of value or price, whichever is lower

Various terms offered

Requirements

Approved Credit

Copies of previous two years income tax returns with Business Schedules

Airplane Specification Sheet

Title Search

Photos of interior, panel, and exterior of aircraft

Copies of all log books (not required for approval, but must be obtained before loan is funded)

Hull insurance with breach of warranty or lender’s interest endorsement

Pre-purchase inspection upon request

Copy of Pilot’s License and Driver’s License/Gov’t Issued Photo ID Card

Some aircraft may not qualify for financing

Turboprop Aircraft

Turbine Aircraft (exception of Air Tractors, Thrushes).

Wood and Cloth Aircraft*

Cloth and Metal airframe Aircraft*

Flight Schools purpose Aircraft

Disclaimer +

All loans have a document preparation fee, wire fee, FAA filing fee, credit check, overnight mail fee, payment book fee, and title search after recordation fee. *Exception if aircraft is currently hangared and will continued to be hangared. **Terms are subject to change at anytime.