Loan Amount
Lending Limits and Repayment Terms
Aerial Apparatus | $378,000 or 50% (whichever is less) | 30 years | $1,397.16/Month |
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Heavy Duty Rescue | (GVWR 14,700+lb) $270,000 or 50% (whichever is less) | 20 years | $1,365.89/Month |
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Apparatus (new) | $270,000 or 50% (whichever is less) | 20 years | $1,365.89/Month |
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Pumpers/Tankers/Utility/Special Service Vehicles
Apparatus (used) | $216,000 or 80% (whichever is less) | 20 years | $1,092.71/Month |
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Ambulance (new or used) | $135,000 or 50% (whichever is less) | 20 years | $682.94/Month |
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Light Duty Rescue | $135,000 or 50% (whichever is less) | 20 years | $682.94/Month |
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Watercraft Rescue | $37,800 or 50% (whichever is less) | 10 years | $347.81/Month |
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Facility | $486,000 or 50% (whichever is less) | 30 years | $1,796.35/Month |
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Only bay areas in buildings that house apparatus
Rehabilitation | $86,400 or 80% (whichever is less) | 20 years | $437.08/Month |
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Equipment | $27,000 or 50%(whichever is less, once per 5-year period) | 10 years | $248.44/Month |
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PennFIRS | $4,320 or 50% (whichever is less) | 10 years | $39.75/month |
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PA Bonus: New Apparatus/Ambulance/Rescue Vehicles manufactured or assembled in Pennsylvania $20,000 may be added to the above limits. Certification is required from the manufacturer stating 75% of the total cost results from the vehicle being manufactured in Pennsylvania.
Summary by Amount
Loan $50,000 through $300,000 | 20 Years |
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Loan above $300,000 | 30 Years |
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All loans are at 2 percent interest per annum