Financial Assistance

This program provides fixed rate loans to institutions for equipment, facility improvements and real estate. The maximum amount of loans per institution is $800,000 with a maximum loan term based on the useful life of the project, but in no case will the term exceed ten (10) years. The interest rate of the loan will be based on a comparable U.S. Treasury plus 15 basis points and will be fixed for the term of the loan.

Direct Loans

11/06/13 $300,000 Gateway Healthcare, Inc.
05/25/12 $348,527 Newport County Community Mental Health Center
07/30/09 $410,000 WellOne Primary Medical and Dental Care
05/01/06 $800,000 Board of Governors (URI)
11/01/05 $700,000 United Methodist Health Care Center