As a community bank, we support our small to medium businesses and the travel needs of their owners. In the Hudson Valley, we also have large corporations with employees that travel across the country and beyond. Financing personal aircrafts is another way that Tompkins Mahopac Bank supports the needs of members of the community.
The average profile of our aircraft loan borrower typically has an excellent credit score, strong personal liquidity and high net worth. They are usually pilots that fly their own planes, though some of our corporate borrowers may hire pilots to navigate their business travel itinerary for them.
We work directly with Dorr Aviation and offer competitive 20 year loan programs for pistons, turboprop, and light jets. With years of experience, competitive rates, quick approvals and local decision-making, our goal is to provide personalized service for aircraft purchase or refinancing needs and remain dedicated to our borrowers throughout the life of their aircraft loans.