Friday, September 27, 2013

Credit Card Charged!

My bank sent me a security notice that an online transaction has been charged against my card—Van's Aircraft Inc has charged $5235!  I can only hope that means that wing spars have been manufactured and my kit has advanced to Crating.  Hopefully, later today, I'll get a note from Van's that it's being shipped.  Whoo-Hoo!

Speaking of charges,  I'm trying to get a loan from NAFCO (Nat'l Aircraft Finance Co., although their website is —go fig!   The latest I got was (aside from the need to prove that I have earnings) is that they need a completed affidavit from Van's in order to classify the plane as ELSA.  To do that, I have to take delivery of all of the kits.  If I could do that, I wouldn't need the loan...

What's weird is that they will finance the kit if I do it as an EAB.  I'd rather certify the plane as ELSA since it will probably increase the resale value (or accelerate the process), but I'm still not sure which way I'll go.  I'm going to call NAFCO later today to continue to discuss the matter.

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