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TRUCKS' PURCHASE * USA - OneCalifornia Bank Offers SBA Loans for Clean Trucks
Community Development Bank Helps Truckers Comply with Port of Oakland Emission Reductions Plan
Oakland,Calif,USA -BUSINESS WIRE -August 13, 2009: -- Air quality is about to improve in Oakland, throughout California and across the country, wherever diesel trucks travel. A new plan adopted by the Port of Oakland calls for reduced emissions on drayage trucks serving the Port. For 2,000 independent truckers, this translates to buying cleaner big rigs or installing “scrubbers” in older models. 500 to 1,000 truckers who have yet to comply will need grants or loans to cover costs. The Port named OneCalifornia Bank, a community development bank, as preferred provider of loans to help truckers purchase or upgrade equipment... As small business owners, truckers benefit from the Obama administration’s fee waiver on SBA 7(a) loans, which carry a 90% government guarantee. They also receive financial education and banking services—online banking and service-charge-free checking and savings accounts... Labels: trucks purchases incentives
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