Tax-Exempt Equipment Financing Program – CHFFA

The California State Treasurer’s Office offers the Tax‑Exempt Equipment Financing Program (CHFFA) to eligible nonprofit health facilities and public agencies. Qualified applicants can obtain tax‑exempt, fixed‑rate loans of at least $500,000 (no stated maximum) to purchase or reimburse qualifying medical equipment and cover minor installation costs. Loans carry a market‑determined fixed interest rate, fees include a $500 non‑refundable application fee, a 0.05% issuance fee, and a $400 annual administrative fee while the balance remains outstanding. Applicants must provide three years of audited financial statements and demonstrate fiscal soundness. The program is ongoing with no fixed application deadline; awards are announced as applications are received. • Eligible: nonprofit 501(c)(3) health facilities or public health agencies in California • Minimum loan: $500,000; no maximum • Use of funds: purchase/reimbursement of equipment, installation costs • Fees: $500 application, 0.05% issuance, $400 annual admin • Required docs: 3 years audited financials • Funding method: advances & reimbursement • No matching funds or LOI required • Award amount range: $1 – $50,000,000 (dependent)