The Environmental Protection Agency (EPA) announced that it has partnered with the Small Business Administration (SBA) to provide loans to small trucking companies to buy SmartWay Upgrade Kits
The Environmental Protection Agency (EPA) announced that it has partnered with the Small Business Administration (SBA) to provide loans to small trucking companies to buy SmartWay Upgrade Kits, which include idle-reduction devices, low rolling resistance tires, aerodynamic equipment, and exhaust aftertreatment devices.
EPA says the equipment could boost fuel efficiency by 15% and save over $8,000 in fuel costs annually while reducing emissions.
Participating lenders will provide quick approval and affordable monthly payments for borrowing between $5,000 and $25,000 with no collateral.
According to Allen Schaeffer, executive director of the Diesel Technology Forum, the EPA/SBA partnership offers a rare financing component to EPA's Smartway program. “Clearly the end game for SmartWay is to expand the interest of this program to a point where it becomes automatic for fleets to think about [fuel savings and emissions] in their equipment management program.” www.epa.gov/smartway
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Over 300 leaders in transportation, logistics, and distribution gathered at Ignite 2024. From new products to innovative solutions, Ignite highlighted the importance of strong...
Prepare your fleet for every season! From winterizing vehicles to summer heat safety, our eBook covers essential strategies for year-round fleet safety. Download now to reduce...
Truck weight isn’t the first thing that comes to mind when considering operational efficiency, hours-of-service regulations, and safety ratings, but it can affect all three.
