Plain-English explanation
This State Treasurer’s Office/CHFFA program is tax-exempt equipment financing rather than a conventional grant. Eligible applicants must be qualifying health facilities that are nonprofit 501(c)(3) corporations or public health facilities, have at least three years of operation providing the same services, and demonstrate fiscal soundness and ability to meet loan terms. Financing may support qualifying equipment purchases or reimbursements and minor installation costs. Loans have a $500,000 minimum, market-determined fixed rates, and maturities tied to equipment useful life; the supplied description states no maximum loan amount. Applicants must provide their three most recent fiscal years of audited financial statements and should verify current application timing and process with CHFFA.
