PO Box 11802
Columbia, SC 29211
Ph. 800-971-9921
info@jetdollars.com

Company News

August 16, 2002 - Press Release

JET FINANCING SOARS FOR JETDOLLARS, INC.

JetDollars, Inc. is a two-year old company founded by pilot and former bank examiner Mark Baumgartner that specializes in providing loans for business and corporate aviation. Baumgartner's career path to founding JetDollars, Inc. although not wholly intentional, has put him in an ideal position for aircraft finance. As a bank examiner for the Federal Reserve Bank in Cleveland, Ohio, Baumgartner found his heart wasn't in his work. His thoughts were always returning to his first love, flying, and how he could incorporate it into his career.

He took a job at Cessna Finance, where he spent five years learning the ropes of aviation finance while piloting around the Southeast as Cessna's Sales Manager for that region. While working with the National Bank of Commerce in Memphis and learning the aircraft banking side of the business, Baumgartner not only saw an opportunity to start JetDollars, but discovered the great need many buyers had for honest assistance in navigating the often stormy skies of airplane finance.

"Unfortunately many buyers avoid aircraft finance brokers because they assume they're less than honest. These buyers go at it themselves, even though an experienced broker can often negotiate a much better deal. I've founded JetDollars on the principles of honesty, integrity, and getting the best rates. If you talk to my clients, you'll find this is the case," said Baumgartner from his Florida-based office. "We're small enough to give you direct attention & service, but have been around long enough to have the advantageous relationships with the banks to get the rates."

In only its second year, word was getting around and JetDollars saw its business triple. Clients range from developers to car dealers to NASCAR drivers. "It's interesting to meet people that have been successful in their fields and either love flying or see the benefits of corporate aviation," commented Baumgartner, "These are big ticket items, so it's very gratifying to help my clients and put them at ease, knowing that we got the best deal."

Relying on hard work and integrity, Baumgartner says he is optimistic about the future growth of JetDollars. "We want to earn your business for the long haul since we know, chances are, you or your company will either add another aircraft or trade up in the next few years. Most of our business has been through word-of-mouth referral from satisfied clients or from aircraft dealers."

It's this word-of-mouth that keeps JetDollars growing, according to JetDollars customer Keith McSwain, President of MDC Homes in Atlanta, GA. "I couldn't have asked for a better experience. From beginning to end, JetDollars got me the best deal and took care of all the details. Whenever I buy my next jet, I'll trust JetDollars to take care of it," said McSwain. With words of praise like that, not even the sky's the limit for Baumgartner's JetDollars.

JetDollars is located at 16023 Winchmore Hill Dr., Spring, TX 77379, (800) 971-9921, info@jetdollars.com