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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.

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140 E. Town Street, Suite 1010, Columbus, Ohio 43215
1-800-357-5773 or 614-221-5773, fax 614-221-2411