Sponsor
Kentucky Cabinet for Economic Development
Deadlines
Applications accepted on an ongoing basis
Purpose
The Kentucky Rural Hospital Loan Program (KRHLP) provides
loans for rural hospital operations and facilities in
Kentucky with the overall goal of providing needed direct
healthcare services in rural areas.
Funds may be used for:
- Maintaining or upgrading hospital facilities
- Maintaining or increasing the current staff
- Reopening a qualifying former hospital
- Providing services that are not currently available
Eligibility
Eligible applicants are hospitals located within a
Kentucky county that has a population of less than 50,000
according to the most recent annual estimates issued by
the U.S. Census Bureau.
A qualifying former hospital is a hospital that has
closed within 36 months prior to an application for a
loan and has obtained a certificate of need to open a new
hospital or other health facility.
Geographic coverage
Kentucky
Amount of funding
Loan amounts range from $25,000-$1,000,000 per facility
project, not to exceed a cumulative total of $2,000,000
per rural hospital every 5 years.
Terms will range between 5-20 years depending on the
project type.
An application fee of $1,000 is required at the time of
submission.
Application process
A link to a fact
sheet is available on the program website.
Contact Kylee
Palmer (502.564.7670) to discuss the application
process.
Tagged as
Capital funding · Community and economic development · Healthcare business and finance · Hospitals · Kentucky
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.