TRANSPORTATION – Vermont Municipal Equipment Loan Fund
Vermont Treasurer’s Office
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.
How to Apply
Deadline: Rolling. Applications are reviewed April 15 and October 15 annually.
Apply Via: Online hard copy form submitted via mail
Focus Areas & Funding Uses
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