Clouds in the sky

Truck Loan Assistance Program

Back To All Programs

Primary Contact

Categories

Topics
Incentives, On-Road Heavy-Duty Vehicles
Division
Mobile Source Control Division

The Truck Loan Assistance Program helped provide small-business fleet owners, affected by CARB’s In-Use Truck and Bus Regulation, financing opportunities for upgrading their fleets with newer, compliant trucks. The program provided financing for truck owners that fell below conventional lending criteria and were unable to qualify for traditional financing.
More about this program

At A Glance

  • Over $260 million invested
  • State investment leveraged about $3.1 billion in financing
  • 45,000+ clean vehicles and equipment financed
  • Nearly half of funding benefits disadvantaged communities
  • Approximately 50% of funding benefitting priority populations
  • Nearly 42,000 loans enrolled

 

fact sheet icon
Fact Sheet
check list icon
Project Background
chart icon
Outcomes and Results