Aircraft Financing Aero Credit Corp Information on AeroCredit Corp Aircraft Financing and Loan Programs Financing and Loan Partners Frequently Asked Questions About Aircraft Financing Contact Aero Credit Corp Financing Tools Background On ACC Aircraft Financing ACC's Airplane Finance and Loan Track Record A message from Bruce Cady, President Satisfied Pilots Financing Programs for Pilots Credit Based Aircraft Loans Asset Based Aircraft Loans Combination Loans ACC Aviation Parters Pilot Insurance Tax Services for Pilots Aircraft Ownership Assistance For Pilots Aircraft Finance frequently Asked Questions

Frequently Asked Questions
Question: Q1: Do you charge any fees? Answer: Yes. Aero Credit Corp charges a one-time Loan Origination Fee of $1,000 on most conventional loans for piston powered aircraft, or, on turbine powered aircraft that qualify for International Registration under the Cape Town Treaty, a fee of 0.05% of the loan amount. There are no fees to refinance a loan that was originated by us, and for each additional loan you place with us the fee will be reduced. This covers all Bank, Administrative, and FAA filing fees so you can rest assured that no additional closing costs will arise. Fees for Structured Finance and other hybrid products vary. Question: Q2: If I want to register my aircraft to an LLC or a Corporation, what additional documents will be required? Answer: If you are registering your aircraft to a Corporation please provide Corporate Bylaws, Articles of Incorporation, and Verification of Tax ID Number. If you are registering your aircraft to an LLC please provide the Operating Agreement, Articles of Organization, and Verification of Tax ID Number. Question: Q3: Why do I have to fill out a Personal Credit Application if I am financing through my Corporation or LLC? Answer: All aircraft loans are required to be guaranteed by an individual; therefore we require your personal information in order to secure an Approval. Question: Q4. Do you need my entire Tax Return? Answer: Yes. Reviewing your federal tax returns provides us with an opportunity to assess your recurring annual income and enables us to maximize your cash flow. For example, we can add back depreciation and other non-cash deductions, and develop a better understanding of your long term cash flow. Question: Q5. What is Cape Town and does my aircraft qualify? Answer: The Cape Town Treaty went into effect as of March 1, 2006 and requires the registration of financed aircraft meeting certain specifications on the International Registry. The specifications for International Registration are as follows: * It is Type Certificated to transport 8 or more (including crew) or goods in excess of 6,063 pounds * It is a jet engine that has 1750+ pounds of thrust * It is a turbine or piston engine that has at least 550 horsepower * It is a helicopter Type Certificated to transport at least 5 (including crew) or goods in excess of 990 pounds Question: Q6. What type of aircraft do you finance? Answer: We have established specialized programs for the aircraft manufacturers found on our website; however we are able to finance most aircraft makes and models, new or used, Certified or Experimental. Question: Q7. What if I need extra money for aircraft improvements? Answer: We have an aircraft improvement loan that can be utilized for various upgrades and improvements to your aircraft. If you need to have additional work completed on the aircraft we can quickly re-evaluate your application to see if you qualify for the additional funds. Question: Q8. Can you capitalize sales tax into a loan? Answer: Banking regulations commonly prohibit capitalizing sales taxes and/or usage fees into a loan. However, if the transaction is structured as a Lease with the aircraft utilized for business use, there is a possibility that these costs can be capitalized into the Lease. Question: Q9. I am still shopping for an aircraft, can you provide a Pre-Approval? Answer: Yes, our approvals are effective for 90 days and the Interest Rate-Lock is effective for 30 Days. Pre-approvals are generally renewable, subject to an updated of the application and providing there has been no negative material change in your financial condition. Question: Q10. What documents will you need to close my loan? Answer: Along with your original executed loan documents, Aero Credit Corp will require the following items prior to closing: - Certificate of Insurance - Bill of Sale - Registration Card - Notarized photocopies of two forms of identification (in compliance with the USA Patriot Act) - Photocopy of Most Recent Annual (Used Aircraft only) - Purchase/Sale Agreement