Healthcare Expansion Loan Program II (HELP II)

The Healthcare Expansion Loan Program II (HELP II) provides low‑interest, revolving loans to California non‑profit small or rural health facilities and public health districts. Eligible borrowers must be 501(c)(3) nonprofits, licensed by the state, with ≤ $30 M annual revenue (for small facilities) and at least three years of operation. Loans range from $25 k to $1.5 M (up to $1 M for refinancing) with interest rates of 3 % (4 % for refinancing) and maturities of 5–20 years depending on use. Funds may be used for acquisition, construction, renovation, equipment, feasibility studies, permits, and debt refinancing. A $50 non‑refundable application fee and a 1.25 % closing fee apply; borrowers must contribute at least 5 % equity. The program has $16 M total funding, with an unspecified number of awards. • Eligible: non‑profit hospitals, district hospitals, rural health clinics in CA • Uses: real‑property purchase/construction, equipment, renovation, studies, permits, refinancing • Loan terms: $25 k–$1.5 M, 3 % (4 % refinance), 5–20 yr maturity, 95 % LTV, 5 % borrower equity • Fees: $50 application, 1.25 % closing fee, no ongoing fees • Required docs: 3 years audited financials, insurance proof • Funding method: advance (revolving loan)