CEF | Canadian Equipment Financing

Aircraft

Aircraft

Photo by dicus63/iStock / Getty Images

Private Corporate Aircraft
$5,000,000

We provided a term loan facility for a used Bombardier CL 604 aircraft. The financing was structured over a 60 month term and advanced at 75% of appraised value. We provided the customer with a strictly asset based financing facility that accommodated the age of the aircraft, with nominal credit criteria.
 

Photo by bjuerges/iStock / Getty Images

Refinance Existing Helicopter Fleet
$11,000,000

We provided a term loan facility secured by a fleet of helicopters to inject capital into the customer’s business. By tapping into the equity of the existing fleet the primary shareholder didn't have to inject further shareholder capital. A 96-month amortization helped the company manage cash flow on an on-going basis.

Photo by thewizzthatwoz/iStock / Getty Images

982 Conquest II (Dash 10) Financing
$1,500,000

A customer was in need of a corporate aircraft to improve efficiency of commuting people to and from areas not serviced well by commercial airlines. We provided a term loan over 60 months to a 120 month amortization, advanced at 85% of equipment cost. The 5 year term gave the client flexibility to continue leasing, or trade up for a different aircraft as required.