The Office of the State Fire Marshal (OSFM) and the Illinois Finance Authority (IFA) announced today that the application process for loans through Fire Truck and Ambulance Revolving Loan Programs 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.
More than $33 million in loans for fire trucks and $2.5 million in loans for ambulances have been given out to over 200 fire departments and not-for-profit ambulance services across the state because of these programs.
Most Illinois fire departments, fire protection districts and township fire departments are eligible to apply. Not-for-profit ambulance service providers are also eligible to apply.
Additional information including the application can be found here: https://www2.illinois.gov/sites/sfm/Iam/FireDepartment/Grants-and-Loans/Pages/default.aspx
Completed applications should be submitted to:
Office of the State Fire Marshal
Revolving Loan Programs
1035 Stevenson Drive
Springfield, IL 62703