Purpose - To finance the acquisition of equipment and other shorter-lived assets.
Eligibility - 501(c)(3) healthcare and educational institution.
Process - Application and one board approval.
Documents - Standard program docs are required to be used.
Loan terms - Determined based upon the useful life of the asset being purchased and further determined by the lending institution.
Lenders - Various local and regional banks will be asked to bid on these financings. RIHEBC will not lend its own funds.