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.
|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|