Finance, Taxes, Insurance
Florida Bank Establishes Business Aircraft Lending Unit
Florida-based Cogent Bank's new aircraft lending unit looks to focus on the state's high level of private aviation activity.
Cogent Bank building
Florida-based Cogent Bank's new aircraft lending unit looks to focus on the state's high level of private aviation activity. (Photo: Cogent Bank)

Cogent Bank of Orlando, Florida, has launched a business aircraft lending division. Founded in 2001 as a state-chartered business and personal bank, the company will finance business aircraft ranging from turboprops to ultra-long-range business jets with values between $3 million and $25 million.

“The development of the business aviation vertical is another strong example of Cogent’s commitment to bringing innovative and forward-thinking solutions to our clients,” said Chirag Bhavsar, the lending institution’s president.