OSFM AND IFA TO LOAN $14 MILLION FOR THE PURCHASE OF FIRE TRUCKS

10/17/2014

Pat Quinn, Governor Larry Matkaitis, State Fire Marshal

Office of the State Fire Marshal

FOR IMMEDIATE RELEASE CONTACT:

Wednesday October 15, 2014 Milly Santiago: (312) 814-0908

OSFM AND IFA TO LOAN $14 MILLION FOR THE

PURCHASE OF FIRE TRUCKS

Fire Truck Revolving Loan Program Application Period Opens

CHICAGO – The Office of the State Fire Marshal (OSFM) and the Illinois Finance Authority

(IFA) are pleased to announce the launch of the Fire Truck Revolving Loan Program

application period. This year, $14 million in loans are being made available through the Fire

Truck Revolving Loan Program to be used by fire departments to fund the purchase of fire

trucks and brush trucks. The application period will run from October 15th to December 12th,

2014.

“These loans can help departments across the state get newer, more reliable equipment than

they are currently using,” said State Fire Marshal Larry Matkaitis.

The Fire Truck Revolving Loan Program provides zero percent or low-interest loans up to

$350,000 toward the purchase of fire trucks or brush trucks, and loans must be repaid within 20

years. Fire departments, fire protection districts, and township fire departments that are units of

local government are all eligible for these loans.

This summer Governor Pat Quinn signed legislation which increased the cap on loans through

the Fire Truck Revolving Loan Program from $250,000 to $350,000. The newly increased loan

cap allows fire departments to buy newer, more advanced vehicles than they might otherwise

have been able to afford.

In 2012, the Office of the State Fire Marshal awarded $4.2 million to 19 recipients through the

Fire Truck Revolving Loan Program. This year, the OSFM anticipates that increased funding

and a newly increased loan cap will allow many more departments to fund the purchase of

newer fire trucks and brush trucks, and in turn, provide more effective service to their local

districts.

For more information about the program please visit:

http://www.sfm.illinois.gov/fireservice/FireTruckLoanProgram.aspx

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JRTC, 100 W. Randolph St., Ste. 4-600, Chicago, IL 60601, (312) 814-2693

2309 W. Main St., Marion, IL 62959, (618) 993-7085

TDD: 217-785-0969

Web site: WWW.SFM.ILLINOIS.GOV