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Cogent Bank Announces New Business Aviation Vertical Serving Growing Jet Financing Industry

January 10, 2023

Cogent Bank announces its expansion into the jet financing industry with its Business Aviation vertical. The new vertical will serve a variety of aircrafts, from turboprop to ultra-long-range aircraft with transactions ranging from $3 million to $25 million.

“Cogent Bank is constantly moving its clients forward by providing new services to keep up with the unique needs of the industries we serve,” says Cogent Bank President Chirag Bhavsar. “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.”

The new initiative is led by industry veterans Jim Crowley, managing director of business aviation and Margaret Francik, vice president, business aviation finance operations manager. The Business Aviation vertical will provide its clients with bank balance sheet credit profiles, structured finance opportunities, select floor planning, loans and leases, with a risk reward pricing model and streamlined credit and execution capabilities.

“While the Business Aviation vertical will serve clients nationally, the team will maintain a focus in the Florida market,” says Managing Director of Business Aviation, Jim Crowley. “With Florida being home to five of the most trafficked business jet airports in the United States and being one of the five largest business jet markets, Cogent Bank is uniquely suited to servicing the needs of this industry.”

For more information about Cogent’s Business Aviation vertical please contact Jim Crowley at 203.415.1184 or email at [email protected] or Margaret Francik at 410.245.7078 or via email at [email protected].

Cogent has seen impressive growth across all its verticals. Most recently, the Bank has expanded its Private Wealth vertical and added new Public Finance, Blockchain Enabled Companies and cannabis banking verticals to its robust lineup of services. Cogent will continue to add innovative services while offering its signature, high-touch customer service.

 

 

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