JetLoan Capital arranged loan funding for 59 aircraft and yachts in 2023 totaling $125 million.
Loan transactions totaling $125 million pertaining to the following collateral types:
- Light, mid-size, and large cabin jets
- GA aircraft, turboprops, and pistons
- Helicopters
- Yachts and boats
Company President Sam Harris said loan demand remains strong in the light, midsize, and large cabin jet space despite higher used aircraft prices and a rise in interest rates. However, loan demand in the general aviation space is slightly down. Throughout 2023, several aviation and marine lenders limited their lending by tightening credit requirements, requiring depository relationships, or stopped lending entirely. Despite this tightening in the lending market, JetLoan Capital’s large and diverse lending group allowed the company to fund a wide variety of transactions.
JetLoan Capital is an independent aviation and marine finance brokerage firm assisting clients with funding for jets, turboprops, pistons, helicopters, and yachts through their group of 150+ commercial banks, community banks, credit unions, finance companies, and private equity funding sources.