Begin Main Content Area

Loan Amount 

Lending Limits and Repayment Terms

 
MAXIMUM LOAN ​MAXIMUM TERM​​PAYMENT
Aerial Apparatus ​​$350,000 or 50% (whichever is less) ​30 years $1,293.67/Month
Heavy Duty Rescue ​​(GVWR 14,700+lb) $250,000 or 50% (whichever is less) ​20 years $1,264.71/Month
Apparatus (new)​​$250,000 or 50% (whichever is less) ​20 years ​$1,264.71/Month

Pumpers/Tankers/Utility/Special Service Vehicles 

​MAXIMUM LOAN ​MAXIMUM TERM​​PAYMENT ​
Apparatus (used) ​​$200,000 or 80% (whichever is less) ​20 years ​$1,011.77/Month
Ambulance (new or used) ​​$125,000 or 50% (whichever is less) ​20 years ​$632.35/Month
Light Duty Rescue ​​$125,000 or 50% (whichever is less) ​20 years ​$632.35/Month
Watercraft Rescue ​​$35,000 or 50% (whichever is less) 10 years ​$322.05/Month
Facility​​$450,000 or 50% (whichever is less) ​30 years ​$1,663.29/Month
Only bay areas in buildings that house apparatus 
​​MAXIMUM LOAN ​MAXIMUM TERM​​​PAYMENT ​​
​Rehabilitation  ​$80,000 or 80% (whichever is less) ​20 years ​$514.81/Month
Equipment​​$25,000 or 50%(whichever is less, once per 5-year period) ​10 years $230.03/Month
PennFIRS​​$4,000 or 50% (whichever is less) ​10 years   ​$36.81/month

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 less than $50,000 ​10 Years
Loan $50,000 through $300,000 20 Years
Loan above $300,000​30 Years
All loans are at 2 percent interest per annum