community critical care lending
MACED believes that one of the building blocks of sustainable development in rural areas is community access to a strong critical care infrastructure.
It is our aim to help community-based health care, elder care and child care programs through investment in facilities, equipment and working capital by providing an affordable source of financing.
Areas of focus may include the following: critical access hospitals, private medical and dental facilities, free clinics, primary care facilities, 340-b pharmacies, in-home and out-of-home child care businesses or other critical community-based businesses
Proceeds of loans can be used for capital projects including equipment and facilities or to refinance and/or restructure existing capital-related loans. Funds may be used for the following.
• Building improvements and renovations — including expansions, build-outs and site improvements.
• Working capital — for new or existing facilities based on accounts receivables or cash flow.
• New equipment purchases — to update existing diagnostic and imaging equipment.
• Software and hardware purchases — for purchase and implementation of health record systems.