Marine Link
Saturday, September 24, 2016

August 31st Deadline for ARRA Engine Loan Program

August 2, 2012

The (California) 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:

 

http://www.treasurer.ca.gov/cpcfa/calcap/contributor/offroad_lenders.pdf

 

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
http://www.arb.ca.gov/ba/loan/off-road/documents/calcap_ag_off_road.pdf
 

• Portable Diesel Equipment
http://www.arb.ca.gov/ba/loan/off-road/documents/calcap_portable_equip.pdf
 

• Diesel Marine Vessels and Engines
http://www.arb.ca.gov/html/fact_sheets/calcap_marine_vessels.pdf

 

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 harborcraft@arb.ca.gov.
 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News