Section 292.60  Criteria for Review of Loan Applications

a)         The Committee will consider the following criteria and assign point totals when determining loan recipients.

1)         Priority − 0-5 points

A)        Loan applications will be given an identification number when the OSFM receives the application.

B)        If, for some reason, an applicant would withdraw or refuse a loan, priority would pass to the application next submitted.

2)         Equipment Need − 0-45 points

A)        The applicant does not currently own an ambulance.

B)        The applicant currently owns one or more ambulances.

C)        The applicant is unable to acquire an ambulance without a grant or cannot borrow one from another department on a consistent or need basis (due to geographical distance, availability, etc.), or the ambulance represents a unique need for the district.

3)         Financial Need − 0-50 points

A)        Will be determined by considering the total budget of the applicant as an available resource.

B)        The cost of the ambulance is prohibitively expensive given the applicant's total budget.

b)         Those applicants receiving a loan in previous loan application cycles will not be  considered until all applicants who have never received a loan but are requesting a loan have been considered.  Previous grant recipients will still be eligible to receive a grant if they have received a previous loan, but the point total for their application will result in a lower priority.