California Distressed Hospital Loan Program
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
The California Health Facilities Financing Authority will offer interest free cash flow loans for nonprofit and public hospitals in California that are in significant financial distress (or to governmental entities representing a closed hospital). Funding is designed to prevent the closure of, or facilitate the reopening of, those hospitals. Additional information is provided in the program statute.
Eligible applicants are nonprofit hospitals and public hospitals in significant financial distress. Governmental entities representing and seeking to reopen a closed hospital are also eligible.
Terms:
- $150 million available in one-time funding
- 0% interest rate loans
- Repayable over 72 months, with an initial 18 month payment deferment period at the beginning of the loan term
- Secured using Medi-Cal checkwrite payments for participating hospitals
A link to the application is available on the program website.
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.