Ok, my brother and I are in the earliest stages of an aircraft purchase. Looking at 172s, hopefully will be a 172XP available when we're ready to purchase, around the $60-80k price range. I'm a CFI, my brother has his PPL and will get his IR once he turns in his Air Force paperwork to the FSDO. The initial intent is to train him up to get his commercial, and do his initial training for CFI until he's ready for the sign-off, then he'll have to go to someone else since I won't be a 2-year. I would like to be able to use the aircraft to conduct flight training on the side from my normal job in addition to personal flying with my brother and his training. How does aircraft financing work in this situation? Talked to one lender yesterday and he was adamant that the aircraft could only be used for private and personal business use, NOT for flight training. Once I mentioned that it would be family/friends, he said that was fine, it just couldn't be used for flight training for profit as a business, that would require a business loan, and they didn't do loans for flight schools. Received 2 other e-mails from lenders (including AOPA Finance) that both said they did not offer flight school financing at that price level. So how do I conduct flight training in this aircraft and remain fully legal? Since all of the lenders have "flight training leaseback" as one of the use cases when you request a quote, I don't imagine they would be too happy leasing it back to what would be my flight school LLC. But then it also raises the question, how would the lender know what my use of the aircraft entailed if I'm instructing as a part-time thing on the side and it's not being used for a full-time flight school?