Sat, Aug 02, 2014
NextGen GA Fund, LLC: Competitive Financing Options for General Aviation NextGen Avionics
The NextGen GA Fund has been established to support the rollout of the US "NextGen" program, which enables updated air traffic information to both pilots and controllers.
There are more than 150,000 general aviation aircraft requiring access to controlled airspace, and NextGen cannot provide its promised benefits to the air traffic system unless these aircraft are participating with updated technology. The NextGen GA Fund is working exclusively on behalf of the GA community to enable these NextGen upgrades using financial incentives, including affordable financing programs and other assistance.
The NextGen GA Fund intends to finance NextGen equipment, related electrical systems, instrument panel modifications, antennas, wiring, and installation/certification costs under a single agreement.
Via the NextGen GA Fund, any aircraft owner—an individual or business—is eligible for financing US-registered piston, turbine and experimental aircraft. This includes all types and ages of fixed-wing and rotary aircraft (Part 21.191, Part 23 and Part 27, Part 91 and Part 135)
It is recommended that aircraft owners work with their AEA-member repair stations to prepare fixed price quotations needed for financing application. To find an AEA-member repair station, please go to www.aea.net.
The NextGen GA Fund's capital is easy to apply for. Financing terms are attractive and highly competitive compared with conventional financing alternatives. Terms will vary for each applicant and are arrived at using commercially accepted consumer lending standards.
Pre-qualification for financing can occur within one day, and funds may be available usually within two days. All applications are held in strict confidence, and such information is never shared with third parties.
Did Ya Know??? (Cool Facts About The NextGen GA Fund, LLC)
- The NextGen GA Fund is working closely with the Aircraft Electronic Association (AEA) and its member repair stations.
- The NextGen GA Fund has partnered with Aspen Avionics, Avidyne, Freeflight Systems, and Trig.
- The NextGen GA Fund can finance both avionics and installation costs for your upgrades.
- The NextGen GA Fund does not require a mortgage or lien on your aircraft for approval.
- The NextGen Fund needs you to let the FAA know that financing options are important factors in your decision to upgrade.
- GA Fund partner NAFCO is the EAA Aircraft Finance Solution & the preferred Aircraft lender for EAA members.
- GA Fund partner NAFCO finances warbirds, custom high-performance aircraft, vintage planes without an age restriction, and are one of the few who finance experimentals in kit form and completed.
- GA Fund partner Madison Capital is a direct funding source for most types of equipment and all makes of vehicles.
- GA Fund partner Madison Capital has brokerage capability and experience for equipment transactions up to $10,000,000.
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OSH14 Special Events
- Join our forum on Financing Aircraft and Kits -- Tuesday, July 29th from 1000-1115 Forum 4
- See the GA Fund with the Aircraft Electronic Association (Booth in Hangar B 2035)
- Talk to our partners at NAFCO (Booth in Hangar C 3129)
NextGen GA Fund, LLC, Makes News!
FMI: www.nextgenfund.com, See the GA Fund with the Aircraft Electronic Association (Booth in Hangar B 2035), and talk to our partners at NAFCO (Booth in Hangar C 3129)
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