We want you to have the best live fire training building that money can buy! That’s why this section of our website is dedicated to providing information and tips to help you secure funding. You will see that the possibilities expand beyond traditional financing. There are several alternatives to get you closer to owning a Fire Facilities fire training building…the best that money can buy!
The goal of our financing program is to make training tower acquisition affordable for virtually any fire department. The program offers cost-effective financing alternatives to single-payment budgeting and purchases.
How It Works
Our financing program provides:
Terms up to 15 years
Financing for Fire Facilities’ training structures and related costs, including land, permits, architectural fees, excavation, foundation work, erection, and mechanical systems
Flexible payment structure including monthly, quarterly, semiannual, and annual payment options
Competitive tax exempt rates for qualified applicants
How To Apply
To determine the feasibility of financing the project for your department, the following initial information will be needed:
a. Three full years of financial information, including balance sheet and income statement (audited)
b. If past year is more than 6 months old, interim statements must be provided
c. Current year budget and next year’s budget, if available
d. Completion of a document information fact sheet
e. Estimated cost and construction timeline of the project
Once this information is received, your request will be evaluated for credit approval. Once completed, applicable financing solutions will be provided to your department for consideration.
Frequently Asked Questions
Q. Is financing available on all Fire Facilities products?
A. Yes, financing is available for all Fire Facilities products from a single burn room to multi- story models, including mobile trailers and the “Ready-Set-Go” system.
Q. What is the range for the length of the loans?
A. Terms from 3 to 15 years are available.
Q. What is the payment frequency?
A. Payments may be structured on a monthly, quarterly, semi-annual, or annual basis. Annual frequencies allow for the payment to be deferred until the next budget year.
Q. Can the loan be paid off early?
A. Yes, each amortization schedule reflects an option to purchase after each payment. Financing also may allow for additional principal payments without penalty.
Q. How long does it take to make a decision on a financing application?
A. Usually within a week to 10 days after receipt of all required initial financial and cost information.
Q. After approval, how long does it take to get the purchase funded?
A. Funds are available within 5-7 business days after receipt of all properly signed financing documents and other information that may be needed.
Q. Who qualifies for a tax-exempt lease program?
A. Qualified 501 (c) (3) Volunteer Fire Departments, Fire Districts, Local Governments and other political subdivisions may qualify.
Disclaimer: Financing subject to state and local borrowing authority, audit analysis, mutually acceptable documentation and market conditions.
