September 2, 2015

What is the California Capital Access Program?

California Capital Access Program or CalCAP is a loan program run by the California Pollution Control Financing Authority.

Since it began, CalCAP lenders have cumulatively loaned over $2.2 billion to small businesses to assist them in growing or maintaining their businesses.

Because of the way the program is funded,
"financial institutions are more comfortable lending to businesses and typically offer more favorable terms than the business would otherwise qualify for."
One of the loan programs CalCAP offers is the On-Road Heavy-Duty Vehicle Air Quality Loan Program.

California regulates trucks, buses, heavy-duty diesel vehicles, tractor-trailers; and to ensure compliance, has a Heavy-Duty Vehicle Inspection Program (HDVIP) and a Periodic Smoke Inspection Program (PSIP) to reduce exhaust emissions.

Funds from this Loan Program can be used by truck owners, operators, brokers, dispatchers, and fleet managers who are forced to comply with CARB requirements

Air Quality Loan Program Program Guidelines:

· Heavy-duty trucks and buses 

· Over 14,000 GVWR

· 2007 and newer CARB compliant diesel engine technology

· Diesel Exhaust Retrofits

· Loans or Terminal Rental Adjustment Clause (TRAC) leases can be short or long-term

· The maximum loan amount is $5 million

Borrower Eligibility:

· Fleet size must be 0-10 on-road heavy-duty diesel vehicles at the time of loan

· Business vehicle usage must affect California air quality 51%

· Small business under U.S. Small Business Administration guidelines

· 100 employees or less

· Annual revenue must be $10 million or less

· Apply to a Participating Financial Institution for a loan or TRAC lease

August 27, 2015

Electric Vehicle Dwell Time

According to the June 18, 2015 webinar presented by the California Pollution Control Financing Authority’s (CPCFA) CalCAP Electric Vehicle Charging Station (EVCS) Financing Program, these are the types of small businesses who would be a good fit for the program:

1. Vehicle Manufacturers,
2. Fleet owners,
3. Retail and Commercial Businesses,
4. Developers, and
5. Landlords and HOAs.

Let’s talk about dwell time

How much time will the EV driver spend in the “electrified” parking lot?

Business owners must consider dwell time when deciding between Level 2 or DC Fast Chargers. However, not all electric vehicles support DC Fast Chargers (aka Level 3), but all EVs support Level 2.        

California Truckers - Regulators Are Watching You

California regulates trucks, buses, heavy-duty diesel vehicles, tractor-trailers; and to ensure compliance, has a Heavy-Duty Vehicle Inspection Program (HDVIP) and a Periodic Smoke Inspection Program (PSIP).

Truck owners, operators, brokers, dispatchers, and fleet managers are regulated.

Diesel trucks and buses that operate in California must be upgraded to reduce emissions. By January 1, 2023, nearly all trucks and buses will need to have 2010 model year engines or equivalent.

CARB’s Truck and Bus Regulation, applies to:
- Diesel vehicles with a gross vehicles weight rating greater than 14,000lbs.,
- Privately and federally owned trucks and buses that operate in California,
- Any person, business, school district, tribal reservation, or federal government agency that owns, operates, leases or rents affected vehicles.

The Truck Regulation Upload, Compliance and Reporting System (TRUCRS) is the website for online reporting questions, tools, and information.

Click here for the 2015 Truck and Bus Online Reporting Guide which will helps report online to meet the reporting requirements of the CARB’s Truck and Bus Regulation.

The Truck and Bus Fleet Calculator is an Excel spreadsheet to assist fleet owners in evaluating various compliance strategies to comply with the Truck and Bus Regulation.

The Tractor-Trailer GHG Reduction Regulation applies: to owners of 53-foot or longer box-type trailers, including both dry-van and refrigerated-van trailers, and owners of the heavy-duty tractors that pull them on California highways.

The regulators have an Inspection Process.  There are consequences of non-compliance, and CARB regulations affect most diesel vehicles and equipment operating in the State.

California’s two smoke inspection programs, test equipment, test procedures, record keeping requirements, regulations and advisories dealing with mobile diesel equipment.

August 26, 2015

{Updated Blog Post} Microloans Skinny

Microcredit is the extension of very small loans (microloans) to impoverished borrowers. Up until this post, I had no idea about microloans until I heard about it tonight.

I heard someone tell a story about a grandma in Bangladesh, who got a microloan for a sewing machine, and the grandmother was able to lift herself out of poverty, because of the microloan.

I started doing some online research --> Wikipedia

For those who wish to go a bit further:

Platforms connecting lenders to micro-entrepreneurs on the World Wide Web, MYC4,Kiva, Zidisha, Opportunity International and the Microloan Foundation.

The impact of microcredit is a subject of much controversy.

Its presented as having "enormous potential as a tool for poverty alleviation."

Critics argue, however, that microcredit has not had a positive impact on gender relationships, does not alleviate poverty, has led many borrowers into a debt trap and constitutes a "privatization of welfare"

The origins of microcredit can be linked to several organizations founded in Bangladesh, the Nobel Peace Prize was awarded to a person in 2006 for providing microcredit services to the poor.

August 25, 2015

The Executive Branch: Marijuana Resource Center

Not to get too technical on you, but remember how there are 3 branches of government? The Executive Branch aka the White House has a Marijuana Resource Center: State Laws Related to Marijuana.

I visited it and found this interesting info:
Since 1996, 23 states and Washington, DC have passed laws allowing smoked marijuana to be used for a variety of medical conditions. It is important to recognize that these state marijuana laws do not change the fact that using marijuana continues to be an offense under Federal law. 
Voters in Alaska, Colorado, Oregon, and Washington state also passed initiatives legalizing the sale and distribution of marijuana for adults 21 and older under state law.

District of Columbia voters approved Initiative 71, which permits adults 21 years of age or older to grow and possess (but not sell) limited amounts of marijuana. There are critical differences in marijuana laws from one state, county, or city to another. For more information, refer to the National Conference of State Legislatures (NCSL).
It is important to note that Congress has determined that marijuana is a dangerous drug and that the illegal distribution and sale of marijuana is a serious crime. The Department of Justice (DOJ) is committed to enforcing the Controlled Substances Act (CSA) ...The Department’s guidance is available on the DOJ Web site, and provides further detail.
See how in that last paragraph, the Executive Branch has let it be known what another branch of the government - Congress aka the Legislative Branch, has done regarding marijuana, and the Executive Branch's hands are therefore tied.

August 6, 2015

Thursday 8/6/15

feel like going a little Allan Malamud

"Notes on a Legal Pad" 

might do some [volunteer] work for the Equipment Leasing & Finance Foundation, might do some research on how software is being financed. Interesting questions in the study ... the litmus test that makes software a financeable asset.

steps to take file a trademark Criminal Defense Strikeforce; Strikeforce Attorneys of America

spoke with Lou today .. commercial truck dealer. Lou used to send {some of} his customers to finance the sale of his trucks and trailers. vendor finance program vs. one-off financings.

Lou says he his brother Manny is in the aircraft business and wants to discuss Aircraft leasing. From what I've heard, Aircraft leasing not only involves a really expensive piece equipment, but it's maintenance-intensive. Plus, there risk issues are high because of the primary purpose of the whole thing: flying passengers and cargo safely across {possibly international} borders doesn't sit well with lenders;

got a call from friend who is closing down her successful criminal defense practice to accept a seat on the bench as a Commissioner in Los Angeles ...