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 three percent (3%), fixed interest loans of up to $1,000,0001 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, and purchase equipment or furnishings. Since the program's inception in 1988, the Authority has loaned more than $87 million to small and rural health facilities.
Small facilities with gross annual revenues of up to $30 million and rural facilities without any revenue limitations are eligible for loans under this program. Applications are accepted on a monthly basis.
1 In April 2012, the Authority board raised the maximum loan amount facilities can receive under HELP II Loan Program from $750,000 to $1,000,000
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.