Aircraft Maintenance & Upgrade Loans
No matter what your needs – avionics panel upgrades, ADS-B installation, a new interior or overhauls, We fly offers a fixed-rate unsecured line of credit (up to $30,000) so you can have access to the funds needed to ensure the longevity of your aircraft.
Aircraft Refinance Option
Aircraft Maintenance and Upgrade loans can be carried out through an aircraft refinance. The aircraft is used as collateral for refinance maintenance loans.
Unsecured Line of Credit Option
Maintenance loans can also be issued as an unsecured line of credit and for this option, the aircraft is not used as collateral. Line of credit (LOC) amounts range from $5,000 to $30,000 and can be used for any maintenance. Access your line of credit anytime and have the convenience of paying the maintenance shop directly.
A line of credit can be issued quickly, which is a great benefit if you need emergency maintenance and do not have the immediate funds to cover it. Usually, a line of credit can be closed in a day or two, compared to an aircraft refinance that can take anywhere between 5 and 7 business days.