With Expert Aircraft Loans, applying for an aircraft loan is a quick and easy process.
Application and Approval Process
- Complete the online application or download the application and forward to Expert Aircraft Loans by mail, e-mail or fax.
- Upon receipt, Expert Aircraft Loans will review the application and will contact you with any questions.
- Expert Aircraft Loans will give an approval typically within one-two business days. More complex financings may take longer.
The Closing Process
Closing takes 2 business days - 1 day to prepare and overnight documents to you and 1 day for you to sign and return the documents. Expert Aircraft Loans includes a pre-paid, pre-addressed overnight return envelope to expedite the process.
- Expert Aircraft Loans conducts title search on aircraft.
- Expert Aircraft Loans forwards Closing Package for signing by Purchaser/ Guarantor together with a closing document instruction sheet.
- Closing documents to be signed, notarized and returned.
- Expert Aircraft Loans wires the loan amount to seller/ lien holder, as designated by buyer, upon receipt of documentation and authorization. Buyer makes down payment to seller.
Post Closing
- Expert Aircraft Loans submits the necessary FAA documentation to the FAA for filing (Registration, Bill of Sale,The International Registry if applicable, etc.).
- Expert Aircraft Loans copies and forwards a complete set of documents to you for your records.
- Expert Aircraft Loans conducts post-sale title search to verify proper title and forwards a copy to you for your records.