Healthcare
501(c)(3) Equipment Finance Program
Purpose:
To create tax-exempt access to capital markets for eligible 501(c)(3) healthcare institutions for the acquisition of equipment and other fixed assets
Types of Healthcare Facilities Eligible for Financing:
501(c)(3) hospital systems, medical centers, and stand-alone hospitals in Illinois
Uses of Financing Proceeds:
Equipment and minor associated renovations
Highlights and Benefits:
- Equipment financing allows healthcare facilities the opportunity to acquire costly capital equipment with up to 100% tax-exempt financing at lower rates than conventional financing
- Standardized documentation provides for efficient processing
Terms of Financing:
Five to seven year term, with up to a ten year amortization, depending on the useful life of the asset
Fees and Application:
Borrower pays their own counsel's fee and fixed Authority and bond counsel fees. For complete information, contact the IFA Healthcare Team or a Funding Manager at your local IFA office.
Learn More about IFA Healthcare programs. Contact the IFA Healthcare Team.
