Loan Amount
Lending Limits and Repayment Terms
| 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
| 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
| 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 $50,000 through $300,000 |
20 Years |
|---|
| Loan above $300,000 |
30 Years |
|---|
All loans are at 2 percent interest per annum