Details | California Health Facilities Financing Authority's Health Expansion Loan Program II


Funder

 

California State Treasurer

Implementer

 

California Health Facilities Financing Authority

Description

 

The California Health Facilities Financing Authority (CHFFA) recognizes the difficulty small and rural health facilities have in obtaining adequate financing for their capital needs. The HELP II Loan Program provides low-interest rate loans to California nonprofit small or rural health facilities in an efficient, timely, and cost effective manner. HELP II loans may be used to purchase or construct new facilities, remodel or renovate existing facilities, purchase equipment or furnishings, and refinance existing debt. Facilities with gross annual revenues of up to $30 million are eligible for loans under this program. District hospitals and rural health facilities are eligible without any revenue limitations. Applications are accepted on a monthly basis.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

California

Applicant type

 

For Profit  |  Non Profit  |  Public Agency

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial  |  Public

Sub-sector

 

City  |  County  |  Health Care  |  Special Districts

Sustainability

 

Electric Vehicle Charging Infrastructure  |  Electric Vehicles  |  Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

20

Interest rate comment

 

2 percent fixed interest rate for property acquisition, construction, re0vation, and equipment. 3 percent fixed interest rate for loan refinancing.

Incentive