The Finance
Process: What you Can Expect Our goal is to provide
AIRCRAFT FINANCING that best fits your needs and make the process
easy for you. The following steps cover most situations.
Information Gathering
You submit a signed application and financial information.
You or the seller provide a specification
sheet with total time, engine hours, avionics and equipment.
Underwriting and Approval
We order a credit report and
may order a background check.
We evaluate your creditworthiness, current and anticipated cash flows, and the
current market value of the aircraft you have selected.
We include the anticipated costs associated
with ownership and operation in our cash flow analysis.
We approve your loan or lease locally.
Closing
Title report is ordered.
Certificate of insurance comes from your agent.
Documents are sent by overnight courier for your signature.
Aircraft Bill of Sale comes from current owner.
Lienholder (if any) prepares a lien release.
Scope sends a wire transfer to the seller,
existing lender and/or the escrow agent.
Post Closing
Scope files all ownership documents
with the FAA.
We send you an executed copy of the loan
documents for your file.
Monthly invoice shows Principal and Interest
breakdown.
Checkfree Payment Option available (you
save time and money).
Scope orders a post-closing title search
from the FAA, to verify that the title has been properly conveyed,
and provides you with a copy, upon request.
Your account representative is available
to serve you now, and in the future.