Georgia Transportation Infastructure Bank
GTIB’s Airport Hangar Loan Program
The application can be found within the guideline documentation at the bottom of this page. Please review the guidelines and download the updated application forms. Both an application and Financial Documentation Form must be submitted.
Airport hangar loan funding is available to publicly-owned, public use airports for the purpose of constructing airport hangars. Items of note for this funding opportunity are below.
Please note that as of February 9th, changes have been made to airport hangar loan application and due date. These application changes clarify that if Federal funding is part of the proposed project, the applicant must provide required matching funds in accordance with Federal guidance. GTIB is State funded and as such can often be used to match to Federal funds. GTIB funds do not require a local match, however, applicants are encouraged to contribute as much local match as possible to make the request competitive.
Further, airport hangar applications can be submitted prior to governing body approval provided proof of approval to submit is provided to SRTA by April 30th. Please do so by signing and notarizing the attestation section on page 12. Airport hangar applications are due February 20th. Applicants that have already filled out an application do not have to utilize the new application to be considered.
Who and What is Eligible?
- Applicants must be publicly-owned, public use airports. Airport authorities are not eligible to apply but associated local governments are.
- Eligible projects include new (not rehabilitated) Box Hangars and new T-Hangar/Row Hangars. A hangar is defined as a facility for the storage of aircraft. Additionally, the facility cannot be for exclusive use.
- Eligible costs include engineering/design, bidding, construction, construction management, and associated construction-related costs such as the relocation of utilities.
- Priority will be given to Non-National Plan of Integrated Airport System (NPIAS) airports and those airports with an unclassified, basic, or local role in Federal Aviation Administration’s (FAA) NPIAS.
- GTIB funds will not be used for expenses already incurred or paid for by an award recipient before the contract effective date, unless such expenses are expressly authorized in advance and in writing by the GTIB.
How do I Apply?
- Click on “Apply for a GTIB Airport Hangar Loan,” review the additional details, and click on the application link at the bottom.
- Fill out an application and Financial Documentation Form, ensure your governing board authorizes submission of the application, and send all required documents to [email protected].
- Mail the $250 application fee to SRTA (must be received within 2 weeks of submitting an electronic application).
What Are the Current Interest Rates?
GTIB interest rates are tied to GEFA Georgia Fund rates and are shown below for this round of funding. Applicants selecting a repayment timeframe between the interest rate periods below will be assigned the higher interest rate. For example, an applicant requesting a 7-year repayment period would be assigned the 10-year interest rate of 2.68%.
- 5-Year Loan 2.56%
- 10-Year Loan 2.68%
- 15-Year Loan 3.08%
- 20-Year Loan 3.49%
What Can I Expect After I Apply?
- GTIB staff may reach out to applicants between the application submission and the expected award date for additional information.
- GTIB expects to notify applicants of awards in June 2026. All applicants will be contacted regardless of award status.
What Can I Expect if I Get an Award?
- Contracts will be sent out for signature along with associated closing documents within approximately 4 weeks of announcing awards. Awardees typically take 2-3 months to return all documents. If this timeframe is met, awardees can be set up for reimbursement within 3-4 months from announcement.
- GTIB averages 14 days to process valid reimbursement requests.
- GTIB funds will not be used for expenses already incurred or paid for by an award recipient before the contract effective date, unless such expenses are expressly authorized in advance and in writing by the GTIB.
For additional details and an application please click here.
At this time, GTIB is not accepting applications for loan and grant funding. Please check back later in 2025 for announcements about future funding opportunities. If you have any questions regarding the program, please contact [email protected].
