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loan -- Reminder: August 31st Deadline for the Off-Road Loan Guarantee Program

Posted: 01 Aug 2012 14:10:49
The Air Resources Board is reminding and encouraging small
business owners of off-road diesel vehicles, portable diesel
equipment, or diesel marine vessels and engines to take advantage
of this loan assistance opportunity.  The loan must be completed
and executed by August 31, 2012 

The American Recovery and Reinvestment Act award provided $5
million to the loan assistance program to reduce harmful diesel
emissions by helping owners upgrade or replace their older
vehicles, equipment, or engines.  This joint program between the
ARB and the California Pollution Control Financing Authority
(CPCFA) provides competitive-rate loan opportunities in the
current tight credit market to small businesses.  

The CPCFA will process the loans through its existing California
Capital Access Program (CalCAP).  Interested borrowers can apply
for a loan by completing application at a participating CalCAP
lender.  The lenders determine the applicant’s eligibility for a
loan. For a list of participating financial institutions, go to:

Borrowers may also be eligible for local non-federal grant awards
which can be combined with this loan assistance program.  For
example, Carl Moyer grants would be eligible.  

The following fact sheet links further describe the program:
•  Off-Road Diesel Vehicles
•  Portable Diesel Equipment
•  Diesel Marine Vessels and Engines

Additional information is available at:
http://www.arb.ca.gov/ba/loan/off-road/off-road.htm.  You can
also call ARB’s diesel hotline at 1-866-6DIESEL or email
8666diesel@arb.ca.gov.  For marine vessels, call ARB’s commercial
harbor craft hotline at 888-442-7238 or email


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