Finance clearinghouse for fuel-saving

June 1, 2008
The US Environmental Protection Agency's SmartWay Transport Partnership has launched its new web-based finance clearinghouse. Here, buyers of clean trucks

The US Environmental Protection Agency's SmartWay Transport Partnership has launched its new web-based finance clearinghouse. Here, buyers of clean trucks and other emissions and fuel-saving technologies can submit one application and have easier access to multiple financial institutions offering reduced-interest loans with flexible terms.

More than 300 private lenders have been consolidated into one network.

“The application is free, simple, and fast,” said the EPA's John Bubbosh. “Once submitted, interested lenders send their offers.”

SmartWay is a voluntary partnership between the government and freight shippers, carriers, and logistics companies for improving fuel efficiency and reducing environmental impacts from freight transport.

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