Banterra Bank Introduces Piston Helicopter Financing

Banterra Aircraft
Posted in Aircraft Financing News

Banterra Bank now offers piston helicopter financing for personal and business use with extended terms and reasonable down payment requirements. Banterra Aircraft Finance is an industry leader in developing and implementing innovative and exclusive general aviation aircraft financing solutions.  On loan requests under $100,000, applicants can now simply complete a brief on-line credit application which does not require tax returns or bank statements and obtain a credit decision within a few hours during a normal business in most instances. Credit decisions are based on credit scores over 720 in addition to automated analysis of supplied information applicant’s provide on the Credit Application.  Banterra Bank offers a 90 day, no cost or obligation credit “Pre-Approvals” subject to final aircraft collateral review based on engine, airframe, rotor & transmission times. Contact one of their Commercial Airman, Bank Aircraft Lending Specialists at (888) 254-5731 or e-mail Aircraft@Banterra.com for more information.  

Banterra Bank Now Offers Motor Glider & Sailplane Specialty Loans

Banterra Aircraft
Posted in Aircraft Financing News

Banterra Bank now offers long term financing for both sailplanes and motor gliders with extended terms and with reasonable down payment requirements. Banterra Aircraft Finance is an industry leader in developing and implementing innovative and exclusive general aviation aircraft financing solutions. Applicants can now simply complete a brief on-line credit application which does not require tax returns or bank statements and obtain a credit decision within a few hours during a normal business in most instances.  Credit decisions are based on credit scores over 720 in addition to automated analysis of supplied information applicant’s provide on the Credit Application. Banterra Bank offers a 90 day, no cost or obligation credit “Pre-Approvals” subject to final aircraft collateral review based on aircraft vintage and requested loan amounts. Contact one of their Commercial Airman, Bank Aircraft Lending Specialists at (888) 254-5731 or e-mail Aircraft@Banterra.com for more information.

“Friction Free” Aircraft Loan Application offered by Banterra Bank

Banterra Aircraft
Posted in Aircraft Financing News

Banterra Bank is an industry leader in developing and implementing innovative and exclusive general aviation aircraft financing solutions.  On loans from $60,000 to $150,000, applicants can now simply complete a brief on-line credit application which does not require tax returns or bank statements and obtain a credit review within a few hours during a normal business day in most instances.  Credit decisions are based on credit scores over 720 in addition to automated analysis of supplied information applicant’s provide on the Credit Application. Banterra Bank offers a 90 day, no cost or obligation credit “Pre-Approvals” subject to final aircraft collateral review with terms extended terms based on aircraft vintage and requested loan amounts.    Contact one of their Commercial Airman, Bank Aircraft Lending Specialists at (888) 254-5731 or e-mail Aircraft@Banterra.com for more information.  

Banterra Bank Aircraft Finance Now Offers Asset Based Loans

Banterra Aircraft
Posted in Aircraft Financing News

Banterra Bank is the industry leader in innovative general aviation financing programs and now offers “Asset Based” loans on transactions from $100,000 up to $1,000,000 and does not require tax returns or financial statements and only requires a limited personal guarantee!  Interest rates are not much higher than traditional full disclosure loans and closing costs are very reasonable.

Applicants are required to complete a simple Credit Application and have a credit score at or above 750 with no prior derogatory credit history.  Verification of the down payment from a related entity (personal bank account, business account, trust account, etc.) is required. Applicants must be U.S.A. citizens and the aircraft must be operated for personal or business use under FAR Part 91 (No FAR Part 135, leaseback, or commercial usage allowed under this new program).  

Eligible aircraft include piston powered aircraft newer than 1975 and turbo-prop business aircraft newer than 1985 with less than 5,000 hours total airframe time and less than mid time on engine(s).  Standard terms to 15 years apply with a balloon payment due at the end of 5 years. 

Banterra Bank also offers highly competitive, long term “traditional” financing from everything from new Hot Air Balloons, Sail Planes, Motor Gliders, Antique & Vintage Aircraft, Light Business Jets, Turbo-Props,  and Piston Helicopters too! On loans from $60,000 to $100,000 Banterra Bank offers a “Friction Free” on-line application that can be completed in a few minutes without the need to send in taxes or bank statements. Contact one of their Commercial Pilot, Aircraft Lending Specialist(s) at (888) 254-5731 or e-mail Aircraft@Banterra.com for more information.

Hangar Use Issues at Airports That Receive Federal Grants

Banterra Aircraft
Posted in Aircraft Financing News

Public use airports that have accepted grants under the Airport Improvement Program (AIP) must comply with certain Federal policies included in each grant agreement as “Sponsor Assurances”. An airport Sponsor can simply be described as any entity operating and/or managing a federally obligated public use airport such as a municipality, county government, state, etc.

Noted in the Federal Registry / Vol. 81, No. 115, June 15, 2016/Rules and Regulations under The Department of Transportation, Federal Aviation Administration, 14 CFR Chapter 1 (Docket No. FAA 2014-0463), “Policy on the Non-Aeronautical Use of Airport Hangars” with the latest policy effective date, July, 1 2017. Unfortunately, the policy also effects owners of privately owned hangars on leased land. It should be noted that the policy does not apply to privately owned airports or public use airports that have not received Federal grant money.

The purpose of the policy is to assure is that airports who have accepted AIP Grants, operate facilities exclusively for aeronautical purposes. One of the Sponsors responsibilities is to develop an acceptable policy of their own from FAA minimum guidelines for “Non-Aeronautical Use” of airport hangars to comply with their AIP commitments. The FAA has set minimum requirements that Sponsors must adhere to regarding hangar use issues but does allows for Sponsor discretion regarding activities that do
not impact other aeronautical uses and do not create unjustly discriminatory conditions at the airport.

Failure to follow FAA policy guidelines and the Sponsor airport policy may result in violations and jeopardize current and future grant funding of airports not in compliance.

The FAA Policy is specific with certain aeronautical and non-aeronautical usage of hangars and allows Sponsors to create their own policy above and beyond FAA requirements to meet local and state codes and regulations as deemed necessary.

The FAA has published a “Frequently Asked Questions & Answers on FAA Policy on Use of Hangars at Obligated Airports located online at https://www.faa.gov/airports/airport_compliance/hangar_use/#q2

To summarize what the FAA considers as “Aeronautical Use”:

  • Storage of aircraft
  • Sheltering aircraft for maintenance, repair, or refurbishment but not indefinitely storing non-
    operational aircraft
  • Non-commercial building of amateur / experimental aircraft
  • Storing aircraft handling equipment, tools, tow bars, work benches, materials to service aircraft,
    items related to ancillary or incidental uses that do not affect a hangars primary use
  • Storage of materials related to aeronautical activities, i.e., office equipment, teaching tools, &
    items related to ancillary or incidental uses that do not affect a hangars primary use
  • Parking a vehicle at the hangar while the aircraft usually stored in that hangar is flying
  • Storing non-aeronautical items that do not interfere with the primary use of the hangar
    The following uses are not permissible under the FAA policy:
  • Use as a residence
  • Operation of a non-aeronautical business
  • Activities that impede the movement of aircraft in and out of the hangar or other aeronautical
    contents of the hangar
  • Activities that displace the aeronautical contents or impede access to aircraft or other
    aeronautical contents of the hangar
  • Long term storage of derelict aircraft
  • Storage of items or activities prohibited by local and state law
  • Storage of municipality inventory or equipment unrelated to aeronautical use
    Airport Sponsor Responsibilities
  • Develop an airport policy that at least meets the FAA’s policy minimum requirements
  • Allows Sponsor discretion to manage and address A.) adopting rules covering the different uses
    of hangars B.) Mitigating related safety concerns (fire codes, emergency access, etc) C.)
    Managing airport planning D.) Preserving airport efficiency E.) Managing funding aspects of
    airport management
  • Provides protection against claims of discrimination by imposing consistent rules for incidental
    storage in all similar facilities at the airport;
  • Provides airport sponsors with the ability to permit certain non-aeronautical items to be stored
    in hangars provided the items do not interfere with the aeronautical use of the hangar;
  • Allows an airport sponsor to request FAA approval of an interim use of a hangar for non-
    aeronautical purposes for a period of 3 to 5 years; and
  • Allows an airport sponsor to request FAA approval of a leasing plan for the lease of vacant
    hangars for non-aeronautical use on a month-to-month basis.