What SmartWay Can Do For You:
Innovative Financing

While a wide variety of technologies exist to reduce fuel costs for trucking companies, many companies lack the up-front investment capital to benefit from them.

The SmartWay Clean Diesel Finance program aims to accelerate the deployment of energy efficient and emission control technologies by helping vehicle/equipment owners overcome financial obstacles. In 2008, EPA awarded $3.4 million to support three loans programs to help small trucking companies reduce fuel costs and emissions. These innovative loans help small trucking firms lower their fuel costs and their carbon footprint by purchasing newer used trucks and idling and emissions reduction technologies.

In August 2009, EPA awarded $20 million from the Recovery Act funding for the SmartWay Clean Diesel Finance Program to support the development of new financing programs for trucks, school buses and nonroad vehicles/equipment. An additional $10 million in funding will be awared in the future. Click here for details on the grantees and information on access to funding

In addition to our grant recipients, SmartWay also provides a financial clearinghouse web site with access to private lenders who help carriers obtain a loan for a SmartWay Certified Tractor, SmartWay Certified Trailer or SmartWay approved fuel savings and emissions reducing technologies. You can submit a loan application at the www.SmartwayFinanceCenter.com website. This website allows you to submit one, simple, free application which is distributed to participating lenders for their consideration. Multiple lenders will review your application, and they may send you an offer for a loan or lease. You get to decide which offer(s), if any, best meets your needs. You are not obligated to accept any offers. Any loan or lease offers are from private lenders and do not constitute Federal government loans. Further, private lenders may assess fees for issuing loans. . For more information, see Cleaner Truck, Trailer, and Technology Loans.

Please note, EPA does not endorse the products or services of commercial companies. Any reference to a specific commercial product or service by trade name, trademark, manufacturer, company or otherwise does not constitute or imply the endorsement or recommendation of the U.S. Environmental Protection Agency. The financial institutions and their loan programs listed are not government loans. If you obtain a loan from any of these financial institutions, you are subject to their terms and conditions.

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Take a closer look at some of the benefits, technologies, and strategies: