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About the Healthcare Revolving Loan Fund
The Revolving Loan Fund
Program provides a
range of funding to a broad spectrum of potential projects focused on
improving access to primary health care in rural East Texas.
Loans Supporting Primary Healthcare in Rural East Texas include:
clinic/hospital construction, equipment purchases, telemedicine
projects, other capital expenditures, working capital, information
systems, mobile health units, and engineering studies.
Eligible Businesses include:
both
for-profit and not-for-profit - including corporations, sole
proprietorships, partnerships, 501 (C) 3's, and governmental entities.
Expected Loan Range
generally varies from $25,000 to $150,000 based on certain project
criteria. Funds will generally leverage up to 25% of the total project.
Terms are flexible to meet project needs and to support other funding
partner requirements.
Potential Loan Applicants
include:
primary health care professionals, rural hospitals, mobile health units,
rural dental providers, rural primary mental health care providers, local
and county governments, and other providers as approved by loan committee.
The
program is funded in part by The Robert Wood Johnson Foundation; along
with a
USDA Rural Business Enterprise Grant; the North East Texas
Economic Development District, Inc.; and participating regional banking
institutions.
Administered by the North East Texas Economic Development District, a
program of the:
Ark-Tex
Council of Governments
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RWJF Awards
$500,000 to the Revolving Loan Fund - February 24, 2003
ETRAP
Receives Grant from USDA for Revolving Loan Fund,
October 30, 2002
For more information, email:
loanspecialist@etrap.org
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Jim Carmichael,
Loan/Marketing Officer
ETRAP – Revolving Loan Fund (RLF)
Phone: 903-570-5442
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