IRVINE, Calif.–(BUSINESS WIRE)–In June 2023, Stratus Financial, a leading provider of aviation financing solutions, successfully closed a new credit facility for $30 million. This credit facility is aimed at increasing the funding capacity for students pursuing their aviation dreams. With this new facility, Stratus Financial will be able to work faster, smarter, and better in the industry, helping more pilots than any other lending facility in the flight training industry.
“We are excited to announce the successful close of this new credit facility, which will allow us to fund more pilots than any other source in America,” said Brandon Martini, Stratus Financial COO. “Our sole purpose is to provide additional funding for our students, and this deal will help us achieve our goal of representing student pilots and giving them the best service connections to the aviation world and needed access to capital so that they can achieve their aviation dreams.”
Chris Ragland, Stratus Financial CIO, added, “The successful closing of this $30 million credit facility has generated significant excitement among investors who are eager to create more opportunities for students. We are confident that this new facility will enable us to further our mission of providing world-class financing solutions to student pilots.”
About Stratus Financial:
Stratus Financial was founded in 2020 by a group of FAA Certificated Flight and Ground Instructors with decades of experience in the aviation industry. As aviators ourselves, we truly understood what it’s like to dream.
At Stratus Financial, we believe in developing lending products that make sense for pilots at all stages of their careers. Our mission is simple: to help you get your wings as swiftly as possible. Stratus started in the middle of a COVID pandemic despite aviation coming to a halt with retiring planes at unprecedented numbers. As a result, thousands of pilots were furloughed, retired, or fired in droves. Nevertheless, Stratus was able to fill in the demand through student pilots’ access to instructional funding and fast traction built by flight schools.
And while providing financing and simplifying the process are vital parts of what we do at Stratus Financial, we don’t see them as ends unto themselves. What drives Stratus isn’t just funding education—it’s financing your future. A future where more people can do what they love and make a difference. A lot where more people can take flight—and thrive!
Contacts
Carson Vasquez
Director of Customer Experience
(855) 301-3335
Carson@stratus.finance