State Fire Marshal/Finance Authority open applications for Fire Truck & Ambulance Revolving Loan
Fire departments in Illinois that need assistance purchasing emergency vehicles can now apply for a loan through the Fire Truck and Ambulance Revolving Loan Programs.
The Office of the State Fire Marshal (OSFM) and the Illinois Finance Authority (IFA) announced that the application process is now open. The Fire Truck and Ambulance Revolving Loan Programs are designed to assist emergency personnel purchase vehicles they otherwise couldn’t afford. Under the programs, zero interest and low-interest loans are provided to fire departments, fire protection districts or non-profit ambulance services for the purchase of ambulances and fire trucks.
The ambulance loans are available for amounts up to $200,000 and can be repaid over a 10-year period. Fire truck loans are available for amounts up to $350,000 and can be repaid over a 20-year period. Read more. Additional information including the application can be found here.