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Funding

Congress Passes Funding to Replenish PPP

The new bill adds $310 billion to the depleted Paycheck Protection Program (PPP), which offers loans for small businesses to cover employee salaries, paid sick or medical leave, mortgage or rent payments, utilities and other debt obligations.

Booster Raises $56M in Funding Investments

The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.

SoCalGas Helps Fleets Purchase Near-Zero Emissions Vehicles

SoCalGas customers have submitted more than 150 applications to the SCAQMD as part of the $21 million Prop 1B incentive pool. Owners whose applications are accepted will receive $100,000 towards the purchase of a new near-zero natural gas truck.

Air Resources Board Renews $27 Million Clean Vehicle Funding

ARB will use the majority of those funds for its California Clean Vehicle Rebate Project to provide incentives for the purchase of zero-emission and plug-in hybrid passenger cars, and another percentage will go toward hybrid and zero-emission trucks and buses.

How Enterprise Funds Its Fleets

Enterprise CFO Bill Snyder spoke recently with Auto Rental News on how Enterprise funds its fleets (Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car), and on the company’s outlook on the current financial market.