JetLoan Capital scheduled loans of $175 million by 2022 for a range of collateral, including light, medium, large and turboprop and piston aircraft, as well as helicopters and marine assets.
According to Sam Harris, the president of JetLoan Capital, the general aviation and aviation industry has been expanding and very strong for the last several years, creating a shortage of data and increasing the cost of flights.
JetLoan observed a slight slowdown in Q4/22 vs. Q4 / 21 activity due to lack of research, rising interest rates and expectations for a recession. JetLoan also saw a significant but modest slowdown for lending in 2023.