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EPA offers fuel-saving loans

Published Tuesday, November 14, 2006

The U.S. Environmental Protection Agency (EPA) today said it has partnered with the Small Business Administration (SBA) to make loans available for small trucking companies to purchase equipment that helps reduce fuel consumption and emissions. The loans would finance SmartWay Upgrade Kits, which include idle-reduction devices, low rolling resistance tires, aerodynamic equipment, and exhaust after-treatment devices. Such equipment could boost fuel efficiency by 15% and save over $8,000 in fuel costs annually while reducing emissions, EPA said. The loan initiative uses SBA Express Loans and partners with Bank of America, Business Loan Express, Superior Financial Group ...

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