This initiative is intended to support primary care providers by offering low-interest loans in addition to grants so that organizations can access the flexible capital they need to increase access to and improve the delivery of comprehensive, person-centered care. Grants of up to $500,000 and/or low-interest loans in the range of $500,000 to $5 million are available to clinics for physical and information technology infrastructure as well as working capital related to expansion or improvements to care delivery.
Colorado organizations providing primary care services may apply for funds to support the following projects:
- Facility acquisition, construction, renovation or expansion
- Medical and office equipment purchases
- Hardware, software, installation and technical assistance costs associated with health information technology systems
- Working capital for expenses associated with new or expanded services
Nonprofit entities are encouraged to consider applying for loans or a mix of grant and loan funding if appropriate. Applicants may indicate their interest in applying for a low-interest loan within the grant application. Register for an upcoming webinar, “
An Introduction to Debt & Financing for Colorado Primary Care Clinics” by the Nonprofit Finance Fund for more information on key opportunities and risks associated with the use of debt to support capitalization needs.
The Foundation is partnering with Vital Healthcare Capital (V-Cap) to provide low-interest loans.
V-Cap will accept loan applications on a rolling basis.
Grant Deadlines: Oct. 15, 2016, Feb. 15, 2017, June 15, 2017
Program Officer: Tanya Weinberg at tweinberg@coloradohealth.org; 303-953-3643
[Source:
The Colorado Health Foundation]
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