Center Capital: financing options still available

 

NBAA Convention News >> October 2008
Aviation Financing

More than half of Greg Renna’s customers have asked him if Center Capital Corp. is “still giving out money.”

“Our response is that we’re still going strong,” said Renna, who serves as senior vice president of the general aviation finance division. Center Capital is wholly owned by Webster Bank, a member of the FDIC. Webster has in turn assured customers of its prudence while other lenders have gummed-up credit, adding that it not only remains fluid but exceeds the FDIC definition of “well-capitalized” by $470 million.
“Hopefully, people will see this article and know that we’re pretty stable,” said Renna, who invited NBAA attendees to Booth No. 5430 to hear more about financing options for both Part 91 and Part 135 equipment.

Center Capital offers creative packages that are convertible from a variable to a fixed rate, and assumable by another borrower, and also portable to another aircraft, though Renna said that, given historic low rates, most financing in the last year has been at conventional fixed terms.

Back

Aviation Finance Monday 01. of December 2008 Lenders and borrowers are charting a cautious course through the roiling economy [more]
Finding Money To Buy That Jet Getting Harder Wednesday 08. of October 2008 Business aircraft buyers can expect loans to be harder to find and more costly, according to Adam Warner, president of Key Equipment Finance,... [more]
Van Nuys Hosts Meeting on Airport Noise Tuesday 07. of October 2008 Tomorrow afternoon Van Nuys Airport is holding a public meeting in Van Nuys, Calif., concerning the environmental impact report associated with... [more]
With court reprieve, Grob staves off bankruptcy Wednesday 01. of October 2008 Grob Aerospace CEO Niall Olver has been given more time to secure fresh investors for the insolvent German manufacturer of the SPn light... [more]
Loan Repayment Becomes More Challenging Wednesday 01. of October 2008 The specter of aircraft repossessions is starting to loom larger over the business aviation community as more owners struggle to repay loans,... [more]