Healthcare Expansion Loan Program II (HELP II) Grant

Healthcare Expansion Loan Program II (HELP II) Grant is sponsored by California State Treasurer's Office. Offers low-interest loans to nonprofit small or rural health facilities in California for property purchases, equipment, and renovations.

Healthcare Expansion Loan Program II (HELP II) - California Grants Portal This program will provide low-interest rate loans to California's non-profit small or rural health facilities in an efficient, timely, and cost-effective manner.

-Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation and qualify as a small or rural health facility or public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) -Small facilities must have annual gross revenues of $30 million or less (no revenue limit for rural facilities or district hospitals) -Must be licensed by the State of California, typically through the Department of Health Care Services, Public Health, or Social Services -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of discal soundness and the ability to meet the terms of the proposed loan -Facility must be certified, organized, maintained and operated for the diagnosis, care, prevention, and treatment of human illness, or physical, mental, or developmental disability, including convalescence and rehabilitation and including during care during and after pregnancy -Purchase, construction, renovation, or remodeling of real property -Purchase equipment and furnishings -Perform feasibility studies, site tests, and surveys associated with real property -Pay permit fees, architectural fees, and pre-construction costs -Refinancing existing debt -Minimum loan amount of $25,000 -Maximum loan amount of $1.

5 million ($1 million for refinancing existing debt) -Interest rate of 3% (4% for refinancing existing debt) -Maximum loan maturity depends on use of funds.

Between 5 years for equipment and furnishings and 20 years for the purchase, construction and renovation of real property (15 years for refinancing existing debt) -Gross revenue pledge, as well as a lien on the equipment or property, is required -Maximum loan-to-value ratio of 95% -Borrowers must contribute a minimum of 5% (in the form of cash or documented project expenditures) toward project costs -Proforma debt service coverage of at least 1.

0x -$50 non-refundable application fee -Initial fee of 1.

25% of the loan amount payable at closing -Three most recent fiscal years of audited financial statements -Proof of adequate property and business insurance Must be licensed by the State of California, typically through the DHCS, CDPH, or CDSS; demonstrate evidence of fiscal soundness/ability to meet the terms of the proposed loan; and be certified, organized, maintained and operated for the diagnosis, care, prevention, and treatment of human illness, or physical, mental, or developmental disability, including convalescence and rehabilitation and including during care during and after pregnancy.

Matching Funding Requirement: -Borrowers must contribute a minimum of 5% of the project costs -The borrower's funds must be in the form of cash or document project expenditures -For refinancing transaction, the borrower's funds must come from the equity in the property Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant.

The length of time during which the grant money must be utilized. Total estimated available funding The total projected dollar amount of the grant. Expected number of awards A single grant opportunity may represent one or many awards.

Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.

Estimated amount per award Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display. Letter of Intent Required?

Certain grants require that the recipient(s) provide a letter of intent. Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.

The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number. The manner in which the grant funding will be delivered to the awardee.

Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly). State agencies/departments recommend you read the full grant guidelines before applying. For questions about this grant, contact: 1-916-653-2799, chffa@treasurer.

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