logo

Q: How long does the aircraft loan application process take at Rock Aviation?

A: Typically, it takes one to two business days to get approval from our credit department. It may take longer on aircraft loans over $750,000 and on applications with complex financial profiles.

Q: Why does an individual have to fill out personal information on the credit application and a personal financial statement if the aircraft will be registered in a company name?

A: All aircraft loans have to be guaranteed by an individual, and therefore we need personal information to get the approval.

Q: Does everyone listed on the note need to get pre-approved?

A: Yes, everyone who will be listed on the aircraft loan will need to fill out their own credit application and personal financial statement.

Q: Do you finance sales tax?

A: We do not finance sales tax. It is your responsibility to pay any sales tax associated with the purchase.

Q: Which airplanes and engines must register with the International Registry?

They are:

Airframes that are type certificated to transport at least eight people, including crew, or goods in excess of 6,050 pounds (2,750 kilograms).

Helicopters that are type certificated to transport at least five people, including crew, or goods in excess of 990 pounds (450 kilograms).

Jet propulsion aircraft engines with at least 1,750 pounds of thrust or its equivalent.

Turbine-powered or piston-powered aircraft engines with at least 550 rated take-off horsepower or its equivalent.

Q: Who has to apply to file on the International Registry?

A: All parties who are involved in the aircraft financing transaction - the buyer, seller, and lender.

Q: Is title insurance required for all International Registry filings?

A: Title insurance is not required but available. We can obtain a quote for you at your request.

Q: How do I know what my loan rate will be?

A: Rates vary primarily based on the type and purpose of the loan, your credit history and income, loan amount, and aircraft value.

Q: What is needed in order to start the application process?

A: We need a completed application (available online) along with a spec sheet on your aircraft and the last two years of IRS tax returns.

Q: How long does the closing process take?

A: Typically we offer next business day closing.

Q: What Aircraft loans does Rock Aviation offer?

A: Rock Aviation provides financing for new and used aircraft of nearly any value. Flexible individual payment programs are customized to fit customer requirements, providing low monthly payments and a wide variety of payoff options. We have private and commercial use terms available.