InnoVative Capital USDA Development Services
(USDA Pre-Application and Application)

Due to federal funding constraints and state allocations, approved USDA Direct Loans may fall short of the projected capital needs of applicant hospitals.  With this in mind, InnoVative Capital works upfront with its clients to identify composite-funding sources to meet any budgeted shortfalls in its Sources and Uses Statement.  Composite-funding can take the form of grants, tax-support and nonprofit contributions.  The viability of a project financing requires the receipt of all funding sources prior to loan closing.  InnoVative Capital’s USDA Development Services establish the framework for the financing upfront to eliminate unnecessary expenditures and set achievable goals.

InnoVative Capital USDA Structuring Services
(USDA Underwriting and Construction Loan Underwriting)

A pre-requisite for any USDA Direct Loan is the receipt of a construction loan commitment to fund the construction of the applicant’s project. USDA provides permanent, long-term financing, but is not a construction lender. InnoVative Capital’s commercial banking experience is a valuable resource in soliciting and negotiating with prospective construction lenders. Relying on local, national and international banks, InnoVative Capital’s RFP process can offer its clients alternative construction loan options and save hospitals upfront fees and expenses. During the USDA underwriting, InnoVative Capital’s expertise in hospital financial operations and governance allows it to negotiate the most borrower-friendly covenants, security features and terms in the industry.