When is the deadline for TRANSPORTATION – Vermont Municipal Equipment Loan Fund?

This grant has a rolling deadline or the deadline has not been announced.

TRANSPORTATION – Vermont Municipal Equipment Loan Fund

Q: How much funding does TRANSPORTATION – Vermont Municipal Equipment Loan Fund provide?

TRANSPORTATION – Vermont Municipal Equipment Loan Fund provides Equipment purchase price must be at least $20,000. Loans cannot exceed 75% of the purchase price of the equipment. in funding.

Vermont Treasurer’s Office

State Transportation Grants Grants for Fire Departments

Funding Amount

Equipment purchase price must be at least $20,000. Loans cannot exceed 75% of the purchase price of the equipment.

Deadline

Rolling / Open

Grant Type

state

Overview

TRANSPORTATION – Vermont Municipal Equipment Loan Fund

Supports purchase of construction, fire, emergency or heavy equipment or vehicles.

Details

Funding Entity: Vermont Treasurer’s Office
Funding Type: Loan
Funding Range: Equipment purchase price must be at least $20,000. Loans cannot exceed 75% of the purchase price of the equipment.
Match Required: The balance of the purchase price of the equipment

Notes

No more than $150,000 can be loaned to a single municipality annually.The loan must be repaid in no more than five years.For loans to a single municipality the interest rate is two percent. For loans to two or more municipalities jointly purchasing equipment, no interest is assessed.Equipment must have a useful life of at least five years. Equipment may be new or used.