Tax-Exempt Equipment Financing Program – CHFFA
Unofficial — verify with the issuing agency before applying.
View & apply on Grants.gov →California's CHFFA Tax-Exempt Equipment Financing Program offers below-market loans (not grants) of $500,000 or more to nonprofit 501(c)(3) or public health facilities to finance medical equipment …
- Deadline
- Not specified
- Posted
- Jul 6, 2020
- Award amount
- $1–$50,000,000
- Focus areas
- Health & Human Services
In plain English
California's CHFFA Tax-Exempt Equipment Financing Program offers below-market loans (not grants) of $500,000 or more to nonprofit 501(c)(3) or public health facilities to finance medical equipment purchases, with no stated maximum. Applicants must have operated for at least three years, show fiscal soundness with three years of audited financials, and pay an application fee plus ongoing administrative fees; this is a loan product, not free grant funding.
AI-generated summary to help you decide quickly — verify the official eligibility rules before applying.
Who can apply
Nonprofit; Public Agency
About this grant
Eligibility General Requirements -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority's act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -The purchase or reimbursement of all types of qualifying equipment by an eligible health facility -The financing of minor equipment installation costs Loan Terms -Market determined fixed interest rate, depending on maturity -The maturity of the loan must relate to the useful life of the equipment to be financed -Loan minimum of $500,000, no maximum loan amount Fees -$500 non-refundable application fee -Initial fee of 0.05% of the issue amount -Annual administrative fee of $400, as long as there is an outstanding loan balance Required Documentation -Three most recent fiscal years of audited financial statements
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Source: public records via Grants.gov. UseGrants is an independent aggregator, not affiliated with any funding agency. Always confirm details on the official listing before applying.