Loan Assistance for Diesel Marine Vessels and Engines

The Loan Assistance Program is to encourage small business owners to upgrade their marine vessels for early compliance with ARB’s Commercial Harbor Craft Regulation (CHC Regulation).

http://www.arb.ca.gov/html/fact_sheets/calcap_marine_vessels.pdf

The California Air Resources Board (ARB) received $5 million in American Recovery and Reinvestment Act funds to assist small business owners with replacement of marine vessels or marine vessel diesel engines with cleaner, less-polluting engines.  This will allow small businesses that do not meet todays’ stringent lending standards, to qualify for financing related to engine repowering, replacement, retrofit; or replacement of marine vessels.  The marine vessel must be diesel powered commercial harbor craft, including, but not limited to, charter fishing boats, commercial fishing boats, crew and supply vessels, ferry/excursion vessels, pilot vessels, towboats, tugboats, and work boats.

If you have any questions regarding the Loan Assistance for Diesel Marine Vessels and Engines, please contact either your local air district http://www.arb.ca.gov/capcoa/roster.htm or Todd Sterling at 916-445-1034 or via e-mail at tsterlin@arb.ca.gov.