Client Situation: Honda’s new Very Light Jet (VLJ) was recently approved for commercial flight. This business owner was ready to finance Honda’s newest technology: the HondaJet.
EFFI Provided: To protect the business from any unnecessary risk, EFFI Structured a 15-year term with balloon and 10-year amortization for the $5.2 million financing. However, after further review of the aircraft’s financial obligation and considering the client’s best interest, EFFI supported the client’s decision to postpone the aircraft acquisition indefinitely. EFFI returned the client’s deposit check.
At EFFI, we believe in straightforward, transparent financing—even when projects don’t go as planned. Ultimately, this company’s HondaJet project took an unexpected turn.
When the transaction was canceled, the client fully expected to forfeit his original deposit check. Much to the client’s surprise, EFFI returned the deposit. Determined to change this industrywide practice, EFFI is raising the bar and leading with transparency and authenticity—one client at a time.