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.
