Government Loan Programs

For many healthcare providers and particularly hospitals, the Federal Government can be a major asset in the financing of their capital needs. With grants, loans and credit enhancement programs that are geared specifically to healthcare providers, as well as economic development funding for general infrastructure improvement and job creation, we believe this funding source is too important to overlook.

InnoVative Capital works to make the Federal Government work for its clients.

Our results have proven this, as InnoVative Capital’s clients have financed new hospitals and senior care facilities with FHA and USDA mortgage insured loans and direct loans. In some cases, where our clients conventionally financed their project needs, government financing still played a role, in financing auxiliary non-hospital needs, including: federal and state economic development loans and grants for road construction, water, sewer and power lines, as well as adjacent site enhancements.

HUD/FHA Mortgage Insurance http://www.hud.gov/offices/hsg/hosp/hsghospi.cfm

USDA Community Facilities Loan Program http://www.rurdev.usda.gov/rhs/cf/cp.htm

U.S. Department of Commerce-Economic Development Administration http://www.eda.gov/InvestmentsGrants/Investments.xml

Rural Economic Development Loans and Grants http://www.rurdev.usda.gov/ga/tredleg.htm

Cal-Mortgage Loan Insurance Division
http://www.oshpd.state.ca.us/calmort/reports.htm

 

 

“InnoVative Capital demonstrated the advantages of critical access hospital status, especially the value of the designation in increasing the feasibility of our replacement facility project through enhanced reimbursement, which was key in our board’s decision to convert to a CAH prior to pursuing our FHA 242 loan.”

Craig Aasved
CEO

North Valley Hospital
Whitefish, Montana

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