Loan Amount

Lending Limits and Repayment Terms

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Aerial Apparatus	$300,000 or 50% (whichever is less)	20 years	$1,517.65/Month
Heavy Duty Rescue	(GVWR 14,700+lb) $200,000 or 50% (whichever is less)	20 years	$1,017.77/Month
Apparatus (new)	$200,000 or 50% (whichever is less)	20 years	$1,017.77/Month

Pumpers/Tankers/Utility/ Special Service Vehicles

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Apparatus (used)	$120,000 or 80% (whichever is less)	20 years	$607.06/Month
Ambulance (New)	$100,000 or 50% (whichever is less)	15 years	$643.51/Month
Light Duty Rescue	$100,000 or 50% (whichever is less)	15 years	$643.51/Month
Watercraft Rescue	$30,000 or 50% (whichever is less)	10 years	$450.46/Month
Facility	$400,000 or 50% (whichever is less)	20 years	$2,023.53/Month

Only bay areas in buildings that house apparatus

	MAXIMUM LOAN	MAXIMUM TERM	PAYMENT
Rehabilitation	$70,000 or 80% (whichever is less)	15 years	$450.46/Month
Equipment	$20,000 or 50%(whichever is less, once per 5-year period)	10 years	$184.03/Month
PennFIRS	$4,000 or 50% (whichever is less)	5 years	$70.11/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

$10,000 through $ 30,000	10 Years
$30,001 through $ 100,000	15 Years
$100,001 through $320,000	20 Years
$100,001 through $400,000	20 Years (Facility Only)

All loans are at 2 percent interest per annum