Health Expansion Loan Program II (HELP II Loan Program)
The Authority recognizes the difficulty small and rural health facilities have in obtaining adequate financing for their capital needs. The HELP II Loan Program provides low interest rate loans to California’s non-profit small or rural health facilities in an efficient, timely, and cost effective manner. HELP II loans may be used to purchase or construct new facilities, remodel or renovate existing facilities, purchase equipment or furnishings, and refinance existing debt.
Facilities with gross annual revenues of up to $30 million are eligible for loans under this program. District hospitals and rural health facilities are eligible without any revenue limitations. Applications are accepted on a monthly basis.
HELP II Loan borrowers must comply with California’s prevailing wage law under Labor Code section 1720, et seq. for public works projects. The Authority recommends applicants and borrowers consult with their legal counsel.