Airport Development Loan Program

	Overview
	Cover Letter
	Loan Application

One of the major functions of the Aeronautics Division is to provide funding to public airports for planning, land acquisition and construction projects. This is accomplished through the Airport Development Loan Program. The types of loans are: revenue generating, matching grant & grant advance.

Presently, our anticipated interest rate is based on the period from January 1, 2006 to June 30, 2006 and is set at 5.03%. This rate will be reviewed and revised, as necessary, every six months.

Success in securing a loan will depend on the quality and thoroughness of the application and the level of detail submitted. The applications will be evaluated closely by the Loan Committee in order to fund the most meritorious projects. The types of projects we anticipate are those that will contribute to the economic well being of the airport. Examples are, but not limited to:

• Hangars
• Utility Improvements
• Fuel Farms
• Terminals
• Auto Parking (Revenue Generating)
• Office/Hangar Complex
• Terminal Restaurants
• Recreational Improvements

Applicants who plan on submitting an application for our consideration, must review the entire Loan Application packet carefully and submit one original and six complete copies of your loan request to:

Michael Klein, Airport Development Program Administrator
255 E. Osborn Rd., Ste. 101
Phoenix, AZ 85012

There is no deadline for these submissions. We will consider each on a first-come, first-serve basis.

If you have any questions concerning the program or need assistance with the application, please contact Mr. Klein at (602) 294-9144 or e-mail at maklein@azdot.gov.