Truck Loan Assistance Program
Contact
Categories
Back to All Program Fact Sheets
What does it fund?Helps small-business fleet owners affected by CARB's In-Use Truck and Buses Regulation to secure financing for upgrading their fleets with newer trucks. Who is eligible for funds?Small business truck owners with 100 or fewer employees, $10 million or less in annual revenue averaged over three years, and fleets with 10 or fewer heavy-duty vehicles subject to the In-Use Truck and Bus Regulation. Are there recent policy changes?None. How does this program provide benefits to priority populations?Funding helps truck owners that fall below conventional lending criteria and are unable to qualify for traditional loans secure financing at more reasonable rates. How do I access funds?Apply for a loan through California Capital Access Program (CalCAP) lender. See the Program Summary for the list of participating lenders and more detail. |
Cumulative Outcomes as of June 2022$219 million allocated $214 million encumbered Approximately 50% of funding benefitting priority populations 37,600 loans enrolled This program does not have a quantified GHG emission benefit MTCO2e GHG reductions 16,700 tons of NOₓ reductions 584 tons of ROG/HC reductions |
Funding SourcesAir Quality Improvement Fund Vehicle Inspection and Repair Fund |
Last updated: July 2022