Finance your love of flying. We’ll get you a competitive rate.

Aircraft Loans

One of the most challenging parts of purchasing an aircraft can be arranging the financing. Whether you are buying a new aircraft or refinancing an existing one, we can help you achieve your flying objectives with credit solutions to help make your aircraft investment a success.

  • Flexible repayment terms on aircraft loans are available up to 15 years based on the purchase price and valuation and no repayment penalty applies. 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 30 years of experience in aircraft lending 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.
  • We specialize in recreational piston single engine, turbine prop singles and loans to aerial applicators.

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

We do not loan on ultralights, twin engine aircraft, warbirds, some aircraft placed on leaseback, homebuilt and light sport, 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 First Pryority Bank for your aircraft loan?

Send us your plane’s specifications sheet to receive an estimated retail value. Email us at aircraft@firstpryority.com or call us at (800) 462-7032 or fax at (918) 825-0519.

Be sure to include damage history, whether it has complete logs, interior or exterior condition, times and avionics list.

Aircraft Spec Sheet

Aircraft Loan Application

Aircraft Co-Ownership Agreement

Aircraft Purchase Agreement

Helpful Links

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.

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 do not qualify for financing

  • Turboprop Aircraft
  • Jets Engine Aircraft
  • Turbine Aircraft (exception of Air Tractors, Thrushes).
  • Wood and Cloth Aircraft*
  • Cloth and Metal airframe Aircraft*
  • Flight Schools purpose Aircraft

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 hangered and will continued to be hangered. **Terms are subject to change at anytime. ***You can find industry standard retail value books at aircraftbluebook.com

Contact an advisor today.

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