California HealthCare Foundation Commits $10 Million for Loans to Safety-Net Clinics

As was the case last year, CHCF has joined other organizations in contributing to the loan fund, which now totals $26 million for 2009. Loans are underwritten, approved, and managed by the nonprofit NCB Capital Impact, and eligible clinics may receive a maximum loan of $1.5 million, at an interest rate of 3.6 percent. Other contributors to the fund include Catholic Healthcare West, Sutter Health, NCB Capital Impact, and the Nonprofit Finance, CPCA Loan, and Mercy Partnership funds.