Skip to main content

Health Expansion Loan Program II (HELP II)

Sponsor
California Health Facilities Financing Authority
Deadlines
Applications accepted on an ongoing basis
Contact

916.653.2799

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 corporation with no more than $30 million in annual gross revenues, as shown on most recent audited financials (District Hospitals are exempt from this requirement)
  • Located in a rural Medical Service Study Area as defined by the California Health Manpower Policy Commission.
  • A District Hospital

Additionally, applicants must:

  • Be a non-profit 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 - $1,500,000.

A $50 application fee is required.

Application process

Links to the program guidance and application form are available on the program website.

Completed applications and the application fee should be submitted to:

California Health Facilities Financing Authority
915 Capitol Mall, Suite 590
Sacramento, California 95814
Attn. Operations Manager

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.