Loan Amount

Lending Limits and Repayment Terms

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Aerial Apparatus	$378,000 or 50% (whichever is less)	30 years	$1,397.16/Month
Heavy Duty Rescue	(GVWR 14,700+lb) $270,000 or 50% (whichever is less)	20 years	$1,365.89/Month
Apparatus (new)	$270,000 or 50% (whichever is less)	20 years	$1,365.89/Month

Pumpers/Tankers/Utility/Special Service Vehicles

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Apparatus (used)	$216,000 or 80% (whichever is less)	20 years	$1,092.71/Month
Ambulance (new or used)	$135,000 or 50% (whichever is less)	20 years	$682.94/Month
Light Duty Rescue	$135,000 or 50% (whichever is less)	20 years	$682.94/Month
Watercraft Rescue	$37,800 or 50% (whichever is less)	10 years	$347.81/Month
Facility	$486,000 or 50% (whichever is less)	30 years	$1,796.35/Month

Only bay areas in buildings that house apparatus

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Rehabilitation	$86,400 or 80% (whichever is less)	20 years	$437.08/Month
Equipment	$27,000 or 50%(whichever is less, once per 5-year period)	10 years	$248.44/Month
PennFIRS	$4,320 or 50% (whichever is less)	10 years	$39.75/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