Tue, Jul 01, 2014
NAFCO Will Partner With EAA To Finance Airplanes, Kits, Plans, Materials
The EAA has finalized an agreement with National Aircraft Finance Company (NAFCO), a wholly owned subsidiary of Pilot Bancshares, Inc. to provide exclusive benefits to EAA members in the market to finance an aircraft, kit, plan-based aircraft materials, engines, engine overhauls and avionics upgrades.
“In our surveys and conversations with EAA members, they told us that they wanted EAA to develop a finance benefit that was more responsive to their needs and for EAA to select an aircraft finance partner that had a service-first attitude,” said Cory Puuri, EAA’s membership development manager. “EAA selected NAFCO as an EAA-approved aircraft finance provider because of their 20-year history financing the types of aircraft EAA members fly and because of their outstanding customer service.”
The EAA Finance Solutions program will be administered by NAFCO and will offer member-exclusive benefits including:
- Discounts on already industry-low rates and loan fees
- Financing new categories of aircraft not currently financed by lending institutions
- Expanded educational resources to help simplify the aircraft purchase process.
NAFCO finances the widest range of aircraft types in the industry, including: warbirds, custom high-performance aircraft, vintage planes without an age restriction, kits and homebuilts under construction and completed. In addition, NAFCO and Pilot Bank were recently selected as one of two financial institutions to finance FAA-approved NextGen avionics upgrades through the NextGen GA Fund.
NAFCO’s familiarity with general aviation industry brings a wealth of knowledge to EAA members who may not have experience in obtaining an aviation-related loan. With programs such as EAA Technical Counselors and EAA Flight Advisors, along with technical advisors on its Membership Services team, EAA continues to offer the most comprehensive resources to members looking to build, buy, and maintain an aircraft.
The EAA Finance Solutions program represents EAA using the strength of its membership to negotiate discounts, new finance programs and expanded technical resources for its members.
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