Web site offers clean technology loans

With just a single online application, users of a new EPA SmartWay web site can apply to multiple lenders for loans to buy SmartWay-certified tractors and trailers, as well as SmartWay-approved equipment such as idle reduction systems. The new site (www.smartwayfinancecenter.com) offers access to a pool of private lenders with the capability of writing loans for as little as $2,000 or as much as $50 million, according to EPA SmartWay. Although the loans are not federally guaranteed, borrowers may benefit by having a network of 300 lenders compete for loans, according to SmartWay's Paul Bubbosh. It ...

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From the Print Issue

November 2009

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