Why do Finance Companies Hate Sailplanes?

On Thursday, June 6, 2013 2:44:00 PM UTC-6, noel.wade wrote:
I should add that this is not just a rant because I'm personally

affected. It has larger implications for US Soaring:



How do we expect new folks to get into the sport if they cannot find

reasonable paths to sailplane ownership?



Additionally, how do we expect clubs (or small partnerships) to

acquire aircraft or make capital/fleet improvements, if they cannot

find reasonable financing? Sure, they could do a business loan if

they're a large-enough entity; but collateralized/secured loans are

far more affordable than unsecured loans, and a far better way to

handle asset acquisition. There's a reason why most people do car

loans and mortgages, instead of unsecured loans or cash payments for

these large assets!



--Noel

Try Lea County Bank in Hobbs, NM.
https://www.onlinelcsb.com/asp/products/product_3_5.asp
They've been financing gliders for 50 years with, they say, not one default. They're eager for your business.