On Jun 6, 4:33*pm, wrote:

Since they don't know anything about what is securing the loan, they don't want the business.
Can't say that I blame them.

Right, UH. I understand _normal_ consumer banks not understanding the
business - its a specialty thing done at a low volume. But that
doesn't answer the question why Aircraft Finance companies don't do
it. I mean, shouldn't _they_ understand the aircraft world? How is an
aircraft kit (a damn pile of aluminum parts that'd resell for 1/10th
the purchase price) "better collateral" or a "safer bet" for these
finance companies than a glider loan? It just bewilders me...

--Noel
(who senses a business opportunity; but doesn't have the cash reserves
to become a lender)
*chuckle*