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Vehicle Repair Loan

Vehicle Repair Loan is available for individuals in Baxter, Boone, Marion, Newton, Searcy, and Van Buren counties. The maximum loan amount is $500.00. This is a revolving loan program where repayments can then be loaned to another family in need of vehicle repairs. For this program applicants can make up to 200% of the federal poverty guidelines.

 

Income Eligibility Guidelines (200% of Federal Poverty Level)

Household Size

100% Federal Poverty Level

200% Federal Poverty Level
* Monthly Income Yearly Income * Monthly Income Yearly Income
1 $1,040 $12,490 $2,081 $24,980
2 $1,409 $16,910 $2,818 $33,820
3 $1,777 $21,330 $3,555 $42,660
4 $2,145 $25,750 $4,291 $51,500
5 $2,514 $30,170 $5,028 $60,340
6 $2,882 $34,590 $5,765 $69,180
7 $3,250 $39,010 $6,501 $78,020
8 $3,619 $43,430 $7,238 $86,860
For each additional person add $368 $4,420 $736 $8,840

Last Updated 6/20/2019