Upgrade Loan Program
Upgrade Loan Program
THE UPGRADE LOAN PROGRAM IS NOT CURRENTLY ACCEPTING LOAN APPLICATIONS
The Upgrade Loan Program assists owners of regulated underground storage tanks to upgrade or remove their underground storage tank systems to meet EPA upgrade requirements. The program was implemented through Act 13 of 1998. This low interest loan is funded by the Underground Storage Tank Indemnification Fund (USTIF) and administered by the Department of Community and Economic Development (DCED).
The New Upgrade Loan Program Can Help You.
Let us help you meet the UST requirements affordably.
If you own a regulated underground storage tank (UST) system which does not meet the U.S. Environmental Protection Agency (EPA) technical standards, you must act now to avoid enforcement actions.
- Your choices are simple:
- All these changes cost money:
$12,000 to $15,000 for tank closures.
The Upgrade Loan Program assists owners of regulated USTs in upgrading or removing their UST systems to meet EPA upgrade requirements.
Who qualifies for the Upgrade Loan Program?
Owners of regulated USTs qualify for the Upgrade Loan Program (owners of six or fewer regulated USTs have priority for the first 90 days of each fiscal year).
What activities are eligible for financing under the Upgrade Loan Program?
The loan can be used to finance all or a portion of the following costs:
The following costs are ineligible for financing:
All work may be done if the tank owner requests a non-prejudicial approval letter from DCED, the tank owner may continue with the project while the loan is under review.
Have more questions?
If you have any questions or would like to receive an application, simply call the DCED toll-free at 1-800-379-7448 and they will direct you to a certified loan organization office nearest you.