Commercial Aircraft Financing
Helping your business sore to new heights.
Borrow As Needed
Our commercial aircraft financing is suitable for all aviation projects.
Flexible & Renewable
We provide same-day renewals and early pay off discounts for reduced interest.
Pay Only if Used
Get the entire amount needed in one-shot or use as needed. Secured options available.
Accelerate your business with our innovative commercial aircraft financing products
As shown by the growing need for commercial aircraft financing, the aviation sector has witnessed remarkable growth in recent years. The New York Tribeca Group has partnered with a variety of organizations to provide the working capital needed to lease and purchase aircraft, allowing aviation businesses to expand and prosper.
Obtaining adequate growth capital is one of the most challenging parts of operating a business. In a high-priced industry like aviation, this is especially true.
Aviation business owners may pick from a variety of funding alternatives offered by New York Tribeca Group to find the best program for their requirements. The New York Tribeca Group creates a unique strategy for each company.
Commercial aircraft financing: Get your results in minutes!
It takes just 5 minutes to fill out your application and just a few hours to get offers!
We help you compare your options with ease and always work to get you the most favorable terms.
Our advisors will make sure that the product you have chosen will suit your business needs best.
How to qualify for commercial aircraft financing
Obtaining funding for your business is now easier than ever. Thanks to internet technology, funders may now easily insure a firm with fewer paperwork and documentation.
You’ll need the following to be eligible:
- Healthy business history
- Solid business plan
- 550+ credit score
What is the difference between commercial aircraft financing and purchasing
The New York Tribeca Group can assist company owners seeking financing for commercial aircraft acquisitions and financing. However, whether you should lease or purchase your jet remains an issue.
Aircraft purchases are expensive in and of themselves, but they become considerably more so when you consider that you may be acquiring a whole fleet. Because leases give more working capital, younger and less costly airlines favor them. More than a third of all commercial airplanes are leased today.
Working capital may be limited, as it is with airlines, to either acquiring a single jet or financing a fleet for a variety of reasons. Newer planes are also less likely to break down, and maintenance expenses are lower, lowering the danger of residual value. Because the lease is reported on the balance sheet, the lessee is often ineligible for aircraft tax depreciation deductions.
Purchasing a big number of planes may tie up a lot of cash and put a pressure on balance sheets, something many airlines cannot afford. Purchasing, on the other hand, raises collateral, decreases interest, and allows for the “sell and leaseback” method to be implemented.
A “sale and leaseback model” airline purchases planes, then sell them to leasing firms, who then lease them back to passengers. Because airlines can generally buy aircraft from manufacturers for cheaper money than leasing firms, this is the case.
Business studies show that the aircraft industry is thriving, regardless of your inclination. Travel has grown in lockstep with the economy, and millennials have changed their focus from materialism to experience, preferring travel and adventures over commodities and tangible possessions.
Passenger airlines, as well as freight and air mail, provide a sufficient market to offset rising oil prices and international taxes and tariffs.
Commercial Aircraft Financing Providers
It might be tough to locate a commercial aviation lender with adequate financial resources to provide you with the amount of cash you require. It may take a few applications, more collateral, or higher interest rates, but the choices listed below should be able to provide funding.
A loan for a small business
Banks, credit unions, and the Small Business Administration are all good places to look for financing. While these loans have better rates and conditions than those offered by conventional lenders, they are subject to government restrictions and strict financing criteria, making them difficult to get.
Line of credit
A line of credit is similar to a credit card in that it permits you to borrow more money. A business line of credit allows your firm to have rolling credit, which is a common option for leasing equipment that pays off fast, such as an airplane. A funder provides you with a credit limit that you may spend up to, and since you only spend what you need, you only pay interest on what you need. This is great for businesses who require irregular or constant cash flow and want more term flexibility than a loan can give.
Merchant cash advance
The merchant cash advance sector offers a variety of funding options, including debt consolidation, credit card splitting, and recurring funding for the purchase of future receivables. Alternative finance has lower restrictions and gives higher rates and shorter periods, allowing company owners who have been rejected down by banks to get operational cash. This would be ideal for a business with a large amount of debts and a need for cash as quickly as possible.
Asset based financing
If you have equipment or inventory assets, this program may be suitable for you. Lenders prefer more liquid assets like cash (invoices, investments, purchase orders), but if collateralized assets are available, they will offer finance. Borrowers who have maxed their current credit limits and obligations with merchants and banks might use this alternative.
The New York Tribeca Group offers aviation consultancy to businesses interested in exploring commercial aircraft financing options. Are you debating whether to lease or purchase? Call us and we’ll discuss your cash flow and overhead expenditures to determine what’s best for your business. Do you have a hard time deciding between 6 and 12 months? The financial specialists at the New York Tribeca Group are always happy to help you identify and acquire the best financing plan for your aircraft company expansion. Beyond commercial aircraft financing, the aviation industry has specific needs. NYTG can also fund the following areas of the sector:
- Airport expansion – We can help airport operators finance the addition of extra terminals, the purchase of other airports, and other construction projects.
- Airline planning – When a company expands, it usually need a new logistical strategy and flying schedule. You can get financing to smooth out the shifting cash flow when expansion generates a ripple effect of adjustments.
- Staff hiring – Staffing — Pilots, flight attendants, maintenance crews, and ticketing employees will be required for every plane leased. We can renew your funding with us to help with the additional costs of hiring and training new employees for your plans when your firm needs funding to cover the initial costs of hiring and training new personnel for your plans.
- Equipment upgrades and repairs –Upgrades and repairs to equipment — Whether you lease or buy, aircrafts require regular maintenance to be in compliance with regulations. With New York Tribeca Group as your financial partner, you won’t have to worry about maintaining your new fleet.
- Helicopters and other aircraft – Financing is available for every type of aircraft, not just planes and helicopters. Do you have a one-of-a-kind aviation business that need funding? We’ll do our best to tailor a program to your company’s needs.
- And there’s more!
The New York Tribeca Group offers aviation consultancy to clients interested in discussing commercial aircraft financing options. Trying to decide whether to lease or buy? Call us and we’ll discuss your cash flow and overhead costs to determine what’s best for your business. Do you have a hard time deciding whether to go with 6 or 12 months? The finance specialists at the New York Tribeca Group are always happy to assist you in locating and getting the best financing plan for the expansion of your aircraft company. The needs of the aviation sector extend beyond commercial aircraft finance. NYTG can also fund the following elements of the industry:
Got some questions?
Commercial aircraft financing is the financing for the purchase, lease, and operations of aircraft.
It’s not limited to just the models itself but includes airports, runways, staff, and any additional equipment needed for your aviation business.
This financing works similar to a mortgage payment; mostly interest with little principal paid monthly for the first few years.
The principal will increase while the interest will decrease over time.
The numbers which determine your interest and fees will be discussed upon approval of your application.
Newer airlines and budget airlines prefer to lease to have more working capital available.
Purchasing increases collateral, decreases interest, and allows for “sale and leaseback model.” This is when an airline purchases aircraft, sells them to leasing companies and then leases them back to use.
To find out which works best for your business, feel free to give us a call and we can help you decide.
From helicopters to airplanes, aircraft financing covers a wide variety of aircraft options. Here are just a few more options to choose from:
- Airport expansion
- Airline Planning
- Staff Hiring
- Equipment Upgrades and Repairs
We have the capital to fund large purchases enough for one or several of these choices. Our terms are designed to make sure you can finance any of your aircraft needs.
The real pros and cons of aircraft financing come down between whether to purchase or lease with your finances.
With purchasing, you’re guaranteed ownership, title security, and liquidation. The major downside of owning is having less funds to access.
By leasing, there is less capital incentive, shorter payback periods, and no tax deprecations. Leasing does come with more restrictions since you are borrowing from someone else.
There will be interest rates and fees down the line but they will be included in repayments.
Since aircraft operations are costly, you may go through trial and error with finding a lender who can approve your application.
We want to provide you with a simple and easy process and that’s just what we give you. Fill out our online application , it takes no more than 5 minutes! Feel free to also give us a call and speak to one of our representatives who can help guide you through it.
Please be mindful that we review the following factors to make our final decision about your application:
- Annual/Monthly Revenue
- Length in Business
- Credit Score
Different lenders mean different qualifications. At New York Tribeca Group, we prefer that your business be in good standing. A healthier business gives you a better success rate.
Having a good credit score is a major key but it won’t be the make it or break it factor for your application.
A helpful tip:have a game plan ready to execute. It makes things easier for your business down the line.