Healthcare Expansion Loan Program II (HELP II)
Frequently Asked Questions (FAQ)
FAQ Index
- General Information
- Uses of Funds
- Benefits and Terms
- Eligibility
General Information
- What is the HELP II Loan Program?
- What is the maximum loan amount and interest rate?
- How long does it take to obtain financing after the loan application is submitted?
- How do I apply for a loan or get more information about the HELP II Loan Program?
What is the HELP II Loan Program?
The HELP II Loan Program was created by CHFFA to improve and expand access to healthcare by providing small and rural health facilities and district hospitals with adequate financing for their capital needs.
What is the maximum loan amount and interest rate?
CHFFA currently offers the following loan types and terms.
Loan Types and Terms*
| Equipment & Furnishings | Refinance | Purchase, Construct, & Renovate Real Property | |
|---|---|---|---|
| Interest Rate | 3% | 4% | 3% |
| Loan Amount | $25,000 - $2,000,000 | $25,000 - $1,000,000 | $25,000 - $2,000,000 |
| Amortization | 5 years | 15 years | 20 years |
* Loan terms are subject to change.
How long does it take to obtain financing after the loan application is submitted?
Generally, loans may be funded as early as 30 days after a loan is approved by the Authority.
Can I be pre-approved for a HELP II loan?
CHFFA offers pre-approvals for real property acquisition loans only. The pre-approval process is the same as the regular approval process but has the benefit of not requiring the identification of a project site at the time of application. Pre-approved resolutions are valid for up to six months, and closing is conditional based on all standard loan terms being met. Closing must also occur within the six months.
How do I apply for a loan or get more information about the HELP II Loan Program?
The HELP II loan application is currently posted on our website. For more information, you may contact staff at (916) 653-2799 or email us.