I am making my way through the fuse kit, wings and tail are done, and I'm contemplating the finish kit order in the next couple weeks. It's growing more evident to me that the progress I'm making along with lead times for the last few kits mean I need to get a little more serious about planning the completion of the RV-12.
I'm curious about any financing options for the final big ticket items. Primarily interested in anyone doing aircraft loans or kit loans. I'm familiar enough with equity loans and do have that option, but I want to explore alternatives.
There are some old threads here on VAF on the subject, and it seems that in the case of an EAB build there are ways to order, register, and then finance the end stages of a build. NAFCO is setup for this and has a checklist and process whereby it can be done. The first problem you run into there is the requirement for registration, which can't be done on an ELSA until it is complete. I also see the threads about Pryority Bank who has since left this particular market. I really don't see much else about the subject on VAF in recent years.
Just curious if anyone has current info on more flexible banks or credit unions, or other alternatives to home equity loans where the lender is familiar with the nature of building an ELSA.
I'm curious about any financing options for the final big ticket items. Primarily interested in anyone doing aircraft loans or kit loans. I'm familiar enough with equity loans and do have that option, but I want to explore alternatives.
There are some old threads here on VAF on the subject, and it seems that in the case of an EAB build there are ways to order, register, and then finance the end stages of a build. NAFCO is setup for this and has a checklist and process whereby it can be done. The first problem you run into there is the requirement for registration, which can't be done on an ELSA until it is complete. I also see the threads about Pryority Bank who has since left this particular market. I really don't see much else about the subject on VAF in recent years.
Just curious if anyone has current info on more flexible banks or credit unions, or other alternatives to home equity loans where the lender is familiar with the nature of building an ELSA.