Loan Programs
Partnering with Health Centers Nationwide
Our mission-driven financing supports facility expansion, equipment purchases, renewable energy projects, and operational growth – always with the goal of strengthening health centers and the communities they serve.
We design our programs to:
- Provide direct, affordable loans
- Leverage outside capital to fill funding gaps
- Facilitate federal tax credit financing
- Deliver targeted consulting for long-term sustainability
Whether you’re a smaller health center working to stabilize cashflow or a larger one pursuing New Markets Tax Credit financing, Capital Fund offers a program to fit your needs.
Our Programs at a Glance
Capital Fund offers several lending programs to support your financing needs. As a mission-driven lender with deep FQHC expertise we design flexible products focused on supporting your financial needs.
LoanPLUS Program
Capital with built-in support for smaller health centers
For health centers that face challenges securing credit through traditional banks or need help managing cashflow. Eligible borrowers often have:
- Under $3 million in net assets
- 25 days or less of cash on hand
- Less than $200K in net operating income
Along with financing, LoanPLUS includes consulting support from Capital Link—such as market analysis, benchmarking, and financial strategy—to help health centers grow stronger.
Direct Loans
Flexible financing for facilities, equipment, and operations
Ideal for health centers seeking straightforward, affordable capital to support:
- Facility purchases, construction, or renovations
- Equipment acquisitions
- Cashflow and operational needs
Key features:
- 1–10-year terms
- Flexible interest-only periods
- 1–20-year amortization periods
New Markets Tax Credit (NMTC) Program
Federal tax credit financing for large-scale projects
For projects with budgets of $5 million or more, NMTC financing lowers the total cost while expanding community impact.
Program highlights:
- Low interest rate
- Forgivable loan after a 7-year term
- Forgivable portion can cover up to 20% of project budget
- Competitive application process
Solar Loan Program
Financing clean energy and resiliency for health centers
Helping health centers lower costs and boost resiliency through renewable energy.
Benefits include:
- 100% financing of solar microgrid and energy storage systems
- Equipment serves as the only collateral
- 10-year loan with a 2-year interest-only period
Lending Guidelines at a Glance
Our lending approach is flexible, designed to meet each health center’s unique needs.
- Construction Loans: Up to 10 years, interest-only during construction, then amortized over 20 years
- Working Capital Loans: Typically 5 years, with interest-only periods and long-term amortization
- Fixed Rates: All loans feature fixed interest rates
- No Formal Application: We begin with a tailored due diligence checklist instead of a standard form
Have a question about our loan programs?
Lending FAQs
We work almost exclusively with CHCs and look-alikes, so we understand the complex funding environments and operational complexities you operate in. We’re here to help you move forward - even when times are uncertain.
- Construction Loans: Up to a 10-year term
Interest-only during construction, then principal + interest over a 20-year amortization - Working Capital Loans: 5-year term
Interest-only initially (based on financial review), then principal + interest over 20 years - All loans feature fixed interest rates, with terms based on your specific needs.
We don’t use standard applications. Instead, we provide a due diligence checklist and begin with an initial review of your financial statements and a meeting to discuss your needs. Based on that, we’ll issue preliminary loan terms and request additional information to complete full underwriting.
On average, underwriting takes about 2 months—sometimes less, sometimes more, depending on the loan type and how quickly you can provide requested documentation. Loan closings typically take 2 to 3 months, especially for construction projects that require third-party reports like appraisals or environmental assessments.
In addition to an origination fee, Capital Fund collects reimbursable costs associated with the closing, which may include:
- Appraisals
- Environmental reports
- Legal fees
- Other third-party services required for your loan
Mission
By fostering a culture of trust, collaboration and respect, we support health centers to deliver high-quality healthcare. We are dedicated to amplifying health center impact by providing comprehensive support for sustainability, growth and resiliency through resources, technical assistance, and innovative solutions that help health centers leverage their assets, articulate their value and deliver patient-centered care that meets the highest standards. We pursue excellence with humanity.
Vision
We believe in a just future in which every individual is treated with dignity and respect and has access to quality healthcare, regardless of their ability to pay.