{"id":4919,"date":"2012-08-29T04:43:57","date_gmt":"2012-08-29T04:43:57","guid":{"rendered":"http:\/\/findfreightloads.com\/blog\/?p=4919"},"modified":"2012-08-30T08:11:48","modified_gmt":"2012-08-30T08:11:48","slug":"small-business-truckers-use-loan-assistance-option-to-purchase-cleaner-equipment","status":"publish","type":"post","link":"https:\/\/findfreightloads.com\/blog\/small-business-truckers-use-loan-assistance-option-to-purchase-cleaner-equipment\/","title":{"rendered":"Small business truckers use loan assistance option to purchase cleaner equipment"},"content":{"rendered":"<p>SACRAMENTO \u2014 The California Air Resources <a href=\"http:\/\/rightnowloads.com\/\">Board<\/a> and the California Pollution Control Financing Authority, part of the State Treasurer\u2019s Office, has hit the $100 million mark in financial assistance to small-business truckers.The funding is provided through a program that provides small businesses with financial assistance to obtain loans or lease-to-own arrangements so they can purchase newer, cleaner trucks ahead of schedule for state clean truck and bus regulations.<\/p>\n<p>\u201cThe success of this program means that truck owners are serious about using the financing options available to them to prepare for the truck regulations we have in place,\u201d said ARB Chairman Mary D. Nichols. \u201cCalifornia residents get to enjoy cleaner air and more hardworking truckers are prepared to comply with CARB\u2019s clean air regulations.\u201d<br \/>\n&#8220;Reaching the $100 million mark represents a milestone in providing <a href=\"http:\/\/truckerhunt.com\/\">truckers<\/a> with an affordable way to reduce emissions, increase fuel efficiency and save themselves money,\u201d said State Treasurer Bill Lockyer. \u201cWe have helped diesel truck owners through our loan guarantee program that may not have otherwise received financing to upgrade their vehicles. It\u2019s a win-win for truckers and the environment.\u201dThe loan assistance program provides loans and lease-to-own opportunities (known as Terminal Rental Adjustment Clause or \u2018TRAC\u2019 leases) to the small business owner that has 100 or fewer employees and generates $10 million or less in annual revenue primarily in California.<\/p>\n<p>The program \u2014 officially known as \u201cProviding Loan Assistance for California Equipment\u201d or PLACE provides additional funding opportunities to small businesses in today\u2019s tight credit market.<br \/>\nSo far the program has been instrumental in issuing 1,511 purchasing loans and 88 leases, totaling 1599 financing agreements. These funds helped purchase 1,671 clean trucks and 183 exhaust retrofits (installing special filters on older trucks that capture 85 percent of the soot in the exhaust).The loan guarantee programs are designed to assist truckers who are prepared to comply ahead of schedule for two separate regulations: the statewide clean Truck and Bus regulation; and the Heavy Duty (Tractor <a href=\"http:\/\/freightbrokerscourse.com\/\">Trailer<\/a>) Vehicle Greenhouse Gas Reduction regulation. Both were adopted in 2008 and are part of the state\u2019s overall commitment to cut toxic diesel emissions 85 percent by 2020. <\/p>\n<p>Looking for Hauls?<a href=\"http:\/\/findfreightloads.com\">http:\/\/findfreightloads.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SACRAMENTO \u2014 The California Air Resources Board and the California Pollution Control Financing Authority, part of the State Treasurer\u2019s Office, has hit the $100 million mark in financial assistance to small-business truckers.The funding is provided through a program that provides small businesses with financial assistance to obtain loans or lease-to-own arrangements so they can purchase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/4919"}],"collection":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/comments?post=4919"}],"version-history":[{"count":6,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/4919\/revisions"}],"predecessor-version":[{"id":4946,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/4919\/revisions\/4946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media\/4920"}],"wp:attachment":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media?parent=4919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/categories?post=4919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/tags?post=4919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}