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What are your program terms and interest rates?Eaglemark does not work under rigid programs or have strict rates. We will structure a finance program to fit the needs of each individual customer. What type of financial information do you require? Click here to review our credit application checklist. Do you finance aircraft overseas or imported aircraft? Eaglemark only finances U.S. registered aircraft. We will fund into an escrow account for imported aircraft and release funds upon deregistration from the foreign government and US registration. Why should I finance with Eaglemark versus my local bank or use my own cash? The relationship you have with your local bank is very important and we recommend you keep those relationships strong. However, we believe that aircraft lending is a special niche and best done by professionals that are up to date on market trends. If you are an aircraft dealer and are able to pay cash for your inventory, you are in a terrific position. However, we believe your cash could be better utilized as working capital rather than being tied up in inventory. If you are thinking of purchasing an aircraft for personal use and plan on paying cash, you should first analyze the potential return that sum of cash could bring you. Your cash could be invested, earning a return much greater than the minimal interest charges. What is the maximum age of an aircraft that you will finance? We believe our aircraft dealers are the industry experts. Aircraft values are not determined primarily on the age of the aircraft, but on condition, maintenance programs and component times. Eaglemark looks at each aircraft individually and does not disqualify any aircraft on age alone. |
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