Loan Amount
Lending Limits and Repayment Terms
Aerial Apparatus | $350,000 or 50% (whichever is less) | 30 years | $1,293.67/Month |
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Heavy Duty Rescue | (GVWR 14,700+lb) $250,000 or 50% (whichever is less) | 20 years | $1,264.71/Month |
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Apparatus (new) | $250,000 or 50% (whichever is less) | 20 years | $1,264.71/Month |
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Pumpers/Tankers/Utility/Special Service Vehicles
Apparatus (used) | $200,000 or 80% (whichever is less) | 20 years | $1,011.77/Month |
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Ambulance (new or used) | $125,000 or 50% (whichever is less) | 20 years | $632.35/Month |
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Light Duty Rescue | $125,000 or 50% (whichever is less) | 20 years | $632.35/Month |
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Watercraft Rescue | $35,000 or 50% (whichever is less) | 10 years | $322.05/Month |
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Facility | $450,000 or 50% (whichever is less) | 30 years | $1,663.29/Month |
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Only bay areas in buildings that house apparatus
Rehabilitation | $80,000 or 80% (whichever is less) | 20 years | $514.81/Month |
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Equipment | $25,000 or 50%(whichever is less, once per 5-year period) | 10 years | $230.03/Month |
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PennFIRS | $4,000 or 50% (whichever is less) | 10 years | $36.81/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