Sponsor
California Health Facilities Financing Authority
Deadlines
Applications accepted on an ongoing basis
Purpose
The HELP II Financing Program provides low, fixed
interest loans for the capital needs of California’s
nonprofit small and rural health facilities.
HELP II loans may be used to:
- Purchase, construct, or renovate real property
- Perform feasibility studies, site tests, and surveys
associated with real property - Pay permit fees, architectural fees, and other
pre-construction costs - Purchase equipment and furnishings
- Refinance existing debt, but only when a single
obligation is paid in full
Loan terms and standard covenants may be found in the
program overview.
Eligibility
Applicants must qualify as a health facility under the
Authority’s enabling legislation and be one of the
following:
- A health facility with no more than $40,000,000 in
annual gross revenues, as shown on most recent audited
financials (District hospitals and rural facilities are exempt from this
requirement.) - Located in a rural Medical Service Study Area as
defined by the California Health Workforce Policy
Commission - A District Hospital
Additionally, applicants must:
- Be a nonprofit 501(c)(3) corporation, or a public
health facility - Have been in existence for at least 3 years
performing the same type of services - Demonstrate evidence of fiscal soundness and the
ability to meet the terms of the loan
Geographic coverage
California
Amount of funding
Loans range between $25,000 – $2,000,000.
A $50 application fee is required.
Application process
Links to additional guidance and the online
application are available on the program
website.
Having a discussion with Authority staff prior to
submitting an application is recommended.
Applications are due by the 20th of each month in order
to be considered at the next month’s Authority Board
meeting. A
meeting schedule may be found on the Authority’s
website.
Applicants are required to attend the meeting to present
their proposals and answer questions from members of the
Authority Board.
Tagged as
Capital funding · Clinics · Healthcare facilities · Hospitals · California
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.