Programs
Equipment Financing
Purpose: To finance the acquisition of equipment and other shorter-lived assets.
Eligibility: 501(c)(3) healthcare and educational institutions.
Process: Application and one board approval.
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.
Eligible Institutions should complete the Master Application for Financing as well as Rider E for Tax-Exempt Equipment Lease to apply for financing through RIHEBC.
RIHEBC’s equipment financing program uses standardized program documents, including requirements for legal opinions and Bond Counsel diligence requests.
