Capital Fund's New LoanPLUS Loan Program to Provide Support to Federally Qualified Health Centers
Has your health center had trouble accessing financing through commercial banks? Capital Fund’s new LoanPLUS loan program, designed to meet the needs of smaller health centers and/or those with limited financial resources, might be able to help.
The LoanPlus program provides loans with flexible collateral and repayment terms to meet the financing needs of FQHCs. Loans can range in size from $400,000 to $2,000,000 and can be used for cashflow, renovations, construction, refinancing of existing debt and/or the purchase of property. LoanPlus clients will also receive free annual technical assistance tailored to meet their needs.
As a LoanPLUS borrower, your organization will be eligible to receive one of the following reports from our affiliate Capital Link each year that your loan is outstanding:
Performance Evaluation Profile
Value and Impact Report
In addition, you will also receive up to five hours of free consultation from Capital Link. LoanPLUS can be used in conjunction with NMTC financing and HRSA capital grants, particularly the American Rescue Plan - Health Center Construction and Capital Improvements (C8E) grants.