Capital Fund Supports Georgia Mountain Health Services
On February 20, 2019, Community Health Center Capital Fund (Capital Fund) provided a loan to Georgia Mountains Health Services, Inc. to support its business operations and a recently expanded facility in Chatsworth, GA.
Capital Fund made a $590,800 five-year loan to provide permanent financing for the Georgia Mountains’ Chatsworth facility project. The new financing will improve the organization’s cash flow and allow management to focus on longer term financial planning. The Chatsworth clinic was expanded in 2017 in order to help meet the unmet demand for pediatric services in the community.
Georgia Mountains Health Services is a Federally Qualified Health Center operating in five counties in northern Georgia. In 2017, the organization served 12,000 patients at six locations, as well as at one school-based center. The organization offers a full range of primary medical, dental, and behavioral health care. Georgia Mountains is estimated to have created 122 jobs in the community, including 70 at the health center itself. The total economic impact generated for this largely rural community is $14.7 million, of which $7.1 million is direct health center spending and $7.6 million is spending in the community. These expenditures will equate to over $2 million in annual tax revenue.
To learn more about Georgia Mountains Health Services, click here.