EPA, SBA Offer SmartWay Upgrade Kit Loans for Small Trucking Companies

November 16, 2006 8:20 AM, EST

Click here to write a Letter to the Editor.

he Environmental Protection Agency has partnered with the Small Business Administration to offer loans to small trucking companies to help pay for the agency’s fuel-saving SmartWay Upgrade kits.

The kits, which include idle-reduction devices, low rolling resistance tires, aerodynamic equipment and exhaust after-treatment devices, can improve fuel efficiency by 15% and save more than $8,000 in fuel costs annually, EPA said Tuesday in a statement.

The initiative uses SBA Express Loans and is in partnership with Bank of America, Business Loan Express, Superior Financial Group and other SBA lenders, EPA said.