Commercial Financing2021-01-08T13:42:15-05:00

Commercial Aircraft Financing

The aviation industry has shown exceptional growth over the past few years, indicated through the increased need for commercial aircraft financing. New York Tribeca Group has partnered with numerous businesses to provide the working capital necessary to lease and purchase aircrafts, thereby allowing aviation companies to expand and thrive.

When operating a business, one of the biggest challenges can be having access to enough growth capital. This is all the more true in a high cost industry such as aviation. The high prices of aircrafts and related equipment creates massive financial hurdles that cannot be overcome without the assistance of outside funding. By taking on debt and investing that funding in smart purchases, the return on the investment allows merchants to reach success and take advantage of new opportunities they would not have otherwise been able to reach without the influx in cash flow.

New York Tribeca Group provides aviation business owners with a variety of funding options to find a program that best suits their needs. From standard funding to debt consolidation, New York Tribeca Group structures each business’s financing solution to fit its individual cash flow and growth goals. 

Leasing or Purchasing Aircrafts?

Business owners looking for financing for commercial aircraft leasing and purchasing can find a solution with New York Tribeca Group. But that still leaves the question, should you lease or purchase your aircraft?

Leasing

Aircraft purchases are considered expensive to begin with, then you factor in that you may be obtaining an entire fleet. Newer airlines and budget airlines typically prefer to lease so there is more working capital available. Over a third of all commercial aircraft flying today are leased.

Available working capital could be limited, as it often is with airlines for a variety of reasons, to either purchasing one plane or leasing a fleet. Newer planes are also less prone to breaking down and also have lower maintenance costs thereby limiting residual value risk. However, aircraft tax depreciation deductions are usually not available to the lessee as the lease is listed on the balance sheet as operating expenses, similar to fuel.

Purchasing

Purchasing huge numbers of aircraft can tie up considerable capital and weigh down balance sheets, which is not viable for many airlines. Purchasing does however increase collateral, decrease interest, and allow for the “sale and leaseback” model. 

In a “sale and leaseback model,” an airline purchases aircraft, sells them to leasing companies and then leases them back to use. This is due to the fact that airlines can often acquire aircraft from manufacturers at lower prices than leasing companies.

Whichever you choose, industry studies show the aircraft industry is taking off. Travel has increased with the economy, and millennials have become more experience oriented than materialism causing the generation to prefer traveling and trips to commodities and items. Passenger airlines along with cargo air transport and air mail provide enough of a market to offset rising oil prices and international taxes and tariffs.

What You’ll Need To Qualify For Financing

New York Tribeca Group has an 86% repeat funding rate because our online, short-term programs are so easy. It’s best to apply for funding when at the peak of you cash flow. This strong reflection of your business will allow you to receive the best rates and terms available. Low credit is accepted, but again, the healthier your business, the better financing you can receive. 

Have a business plan ready. Know exactly what your current cash flow is, what payback you can handle without being overleveraged, and what the returns you expect on your investment are. 

When applying for funding, you can fill out our online form and will hear back from NYTG as soon as we can process your application. From there, we will let you know if you qualify based on your initial application and move forward with the necessary documentation and agreement on terms. We fund most businesses in 72 hours or less, so if you need immediate access to cash, get us your documents ASAP and we will fund you as fast as we can!

Commercial Aircraft Financing Providers

When looking for a commercial aircraft funder, it can be tough to find a lender with enough financial resources to provide you with the amount of funding you need. It may take a few applications or perhaps more collateral or higher rates, but the below options should provide funding.

Small business loan

Loans can come from many providers such as a bank, a credit union or the Small Business Administration. While loans have favorable rates and terms compared to other providers, they also have government restrictions and strict funding guidelines so it can be hard to qualify for.

Line of credit

A line of credit is a lot like a credit card, except with bigger amounts. A business line of credit can provide revolving credit for your business to use, a common option with leasing equipment that provides substantial returns while in use, such as an aircraft. A funder gives you a maximum credit limit to spend and you only spend what you need, meaning you only pay interest on what you use, nothing more. This is great for businesses who have fluctuating or continuous cash flow needs and prefer more term flexibility than what a loan can offer.

Merchant cash advance

Within the merchant cash advance sector of finance there are different types of funding such as debt consolidation, credit card splits or standard funding for the purchase of future receivables. Alternative funding has higher rates and shorter terms, but has more relaxed qualifications allowing for business owners rejected by banks to gain access to working capital. This would be ideal for a business with several debts already acquired or who needs money as soon as possible.

Asset based financing

If you already have equipment or inventory assets, this might be the program for you. Lenders prefer more liquid assets such as cash (invoices, investments, purchase orders) but will still offer funding with collateralized assets. Borrowers who have maxed out their current credit limits and debts with vendors and banks can use this option to purchase raw materials.

Get Consulting

Aviation consultancy is offered by New York Tribeca Group for business owners looking to discuss their options for commercial aircraft financing. Debating between leasing and purchasing? Call us and we can discuss your cash flow and overhead expenses to find the best fit for your business. Wondering which terms you should go with, 6 months, 12 months? New York Tribeca Group funding specialists are always happy to help you discover and access the best financing plan for your aircraft business’s growth.

The needs of the aviation industry don’t stop at commercial aircraft financing. NYTG can provide funding for additional aspects of the industry such as:

  • Airport expansion – Airport operators looking to add additional terminals, purchase additional airports or begin other construction projects can get the financing to do so with us!
  • Airline planning – Expansion often causes a new logistics plan and flight schedule. When expansion causes a ripple effect of changes, you can obtain financing to smooth out the adjusting cash flow.
  • Staff hiring – Every plane leased will need pilots, flight attendance, maintenance crews and ticketing employees. When your company needs funding to cover the initial costs of hiring and training new staff for your plans, we can renew your funding with us to help with the additional costs.
  • Equipment upgrades and repairs – No matter if you lease or purchase, aircrafts always need maintenance for regulation safety. There’s no need to fear the upkeep of your new fleet with New York Tribeca Group as your funding partner. 
  • Helicopter and other – Any form of aircraft can be financed, not just limited to airplanes and helicopters. Have a unique flight business that needs financing? We’ll try our best to provide a program that suits your business. 
  • And more!

New York Tribeca Group is an expert in financing the aircraft industry. We have the capital to fund large purchases enough for one or several aircrafts. Our terms are designed with the cash flow of airlines and airport operators in mind. Call us today or apply online to see how commercial aircraft financing can help your business soar.

Commercial Aircraft Financing

The aviation industry has shown exceptional growth over the past few years, indicated through the increased need for commercial aircraft financing. New York Tribeca Group has partnered with numerous businesses to provide the working capital necessary to lease and purchase aircrafts, thereby allowing aviation companies to expand and thrive.

When operating a business, one of the biggest challenges can be having access to enough growth capital. This is all the more true in a high cost industry such as aviation. The high prices of aircrafts and related equipment creates massive financial hurdles that cannot be overcome without the assistance of outside funding. By taking on debt and investing that funding in smart purchases, the return on the investment allows merchants to reach success and take advantage of new opportunities they would not have otherwise been able to reach without the influx in cash flow.

New York Tribeca Group provides aviation business owners with a variety of funding options to find a program that best suits their needs. From standard funding to debt consolidation, New York Tribeca Group structures each business’s financing solution to fit its individual cash flow and growth goals. 

Leasing or Purchasing Aircrafts?

Business owners looking for financing for commercial aircraft leasing and purchasing can find a solution with New York Tribeca Group. But that still leaves the question, should you lease or purchase your aircraft?

Leasing

Aircraft purchases are considered expensive to begin with, then you factor in that you may be obtaining an entire fleet. Newer airlines and budget airlines typically prefer to lease so there is more working capital available. Over a third of all commercial aircraft flying today are leased.

Available working capital could be limited, as it often is with airlines for a variety of reasons, to either purchasing one plane or leasing a fleet. Newer planes are also less prone to breaking down and also have lower maintenance costs thereby limiting residual value risk. However, aircraft tax depreciation deductions are usually not available to the lessee as the lease is listed on the balance sheet as operating expenses, similar to fuel.

Purchasing

Purchasing huge numbers of aircraft can tie up considerable capital and weigh down balance sheets, which is not viable for many airlines. Purchasing does however increase collateral, decrease interest, and allow for the “sale and leaseback” model. 

In a “sale and leaseback model,” an airline purchases aircraft, sells them to leasing companies and then leases them back to use. This is due to the fact that airlines can often acquire aircraft from manufacturers at lower prices than leasing companies.

Whichever you choose, industry studies show the aircraft industry is taking off. Travel has increased with the economy, and millennials have become more experience oriented than materialism causing the generation to prefer traveling and trips to commodities and items. Passenger airlines along with cargo air transport and air mail provide enough of a market to offset rising oil prices and international taxes and tariffs.

What You’ll Need To Qualify For Financing

New York Tribeca Group has an 86% repeat funding rate because our online, short-term programs are so easy. It’s best to apply for funding when at the peak of you cash flow. This strong reflection of your business will allow you to receive the best rates and terms available. Low credit is accepted, but again, the healthier your business, the better financing you can receive. 

Have a business plan ready. Know exactly what your current cash flow is, what payback you can handle without being overleveraged, and what the returns you expect on your investment are. 

When applying for funding, you can fill out our online form and will hear back from NYTG as soon as we can process your application. From there, we will let you know if you qualify based on your initial application and move forward with the necessary documentation and agreement on terms. We fund most businesses in 72 hours or less, so if you need immediate access to cash, get us your documents ASAP and we will fund you as fast as we can!

Commercial Aircraft Financing Providers

When looking for a commercial aircraft funder, it can be tough to find a lender with enough financial resources to provide you with the amount of funding you need. It may take a few applications or perhaps more collateral or higher rates, but the below options should provide funding.

Small business loan

Loans can come from many providers such as a bank, a credit union or the Small Business Administration. While loans have favorable rates and terms compared to other providers, they also have government restrictions and strict funding guidelines so it can be hard to qualify for.

Line of credit

A line of credit is a lot like a credit card, except with bigger amounts. A business line of credit can provide revolving credit for your business to use, a common option with leasing equipment that provides substantial returns while in use, such as an aircraft. A funder gives you a maximum credit limit to spend and you only spend what you need, meaning you only pay interest on what you use, nothing more. This is great for businesses who have fluctuating or continuous cash flow needs and prefer more term flexibility than what a loan can offer.

Merchant cash advance

Within the merchant cash advance sector of finance there are different types of funding such as debt consolidation, credit card splits or standard funding for the purchase of future receivables. Alternative funding has higher rates and shorter terms, but has more relaxed qualifications allowing for business owners rejected by banks to gain access to working capital. This would be ideal for a business with several debts already acquired or who needs money as soon as possible.

Asset based financing

If you already have equipment or inventory assets, this might be the program for you. Lenders prefer more liquid assets such as cash (invoices, investments, purchase orders) but will still offer funding with collateralized assets. Borrowers who have maxed out their current credit limits and debts with vendors and banks can use this option to purchase raw materials.

Get Consulting

Aviation consultancy is offered by New York Tribeca Group for business owners looking to discuss their options for commercial aircraft financing. Debating between leasing and purchasing? Call us and we can discuss your cash flow and overhead expenses to find the best fit for your business. Wondering which terms you should go with, 6 months, 12 months? New York Tribeca Group funding specialists are always happy to help you discover and access the best financing plan for your aircraft business’s growth.

The needs of the aviation industry don’t stop at commercial aircraft financing. NYTG can provide funding for additional aspects of the industry such as:

  • Airport expansion – Airport operators looking to add additional terminals, purchase additional airports or begin other construction projects can get the financing to do so with us!
  • Airline planning – Expansion often causes a new logistics plan and flight schedule. When expansion causes a ripple effect of changes, you can obtain financing to smooth out the adjusting cash flow.
  • Staff hiring – Every plane leased will need pilots, flight attendance, maintenance crews and ticketing employees. When your company needs funding to cover the initial costs of hiring and training new staff for your plans, we can renew your funding with us to help with the additional costs.
  • Equipment upgrades and repairs – No matter if you lease or purchase, aircrafts always need maintenance for regulation safety. There’s no need to fear the upkeep of your new fleet with New York Tribeca Group as your funding partner. 
  • Helicopter and other – Any form of aircraft can be financed, not just limited to airplanes and helicopters. Have a unique flight business that needs financing? We’ll try our best to provide a program that suits your business. 
  • And more!

New York Tribeca Group is an expert in financing the aircraft industry. We have the capital to fund large purchases enough for one or several aircrafts. Our terms are designed with the cash flow of airlines and airport operators in mind. Call us today or apply online to see how commercial aircraft financing can help your business soar.

Frequently Asked Questions:

What is Invoice Factoring?2020-10-02T17:07:56-04:00

Invoice Factoring is a business funding solution that allows businesses to leverage outstanding accounts receivable to generate immediate cash flow.

What do you need to provide me a quote?2020-10-02T17:07:33-04:00

To provide a quote we will need a signed Application along with the last three months of business bank statements. We require additional documents depending on the amount requested and the nature of the business.

What is Equipment Leasing?2020-10-02T17:06:44-04:00

Equipment leasing is a form of business financing in which the lender provides the merchant with a piece of machinery from an accredited dealer and rents it to them at a fixed monthly rate.

What is an SBA loan?2020-12-10T12:32:02-05:00

SBA loan is a small business loan for start up companies.

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