“As the effects of the COVID-19 pandemic are better understood and the healthcare industry moves toward stability, the need to invest in rural hospital facilities to provide safe spaces for patients and staff alike is increasingly apparent. Rural hospital leaders are recognizing the importance of facility investment and the need to access the capital required to support their longer-term strategy including the ability to recruit and retain staff.”
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Impact on Rural Development
“The USDA Community Facilities (CF) program—an initiative under USDA-Rural Development (RD)—offers a tremendous opportunity for rural healthcare providers to take the next step by investing in facilities that reposition them as a provider of choice within their community, particularly for outpatient and ambulatory services. This is accomplished by decreasing outmigration to neighboring, typically larger, health systems and providing an enhanced service program that keeps more local healthcare dollars local.”
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Access to Capital: Best Practices in Securing USDA Loans Historically, capital investments required for rural hospitals to modernize facilities have been unavailable, but the expansion of the USDA Community Facilities Program, the stabilization of finances with Critical Access Hospital (CAH) status, and other federa Download Whitepaper -
USDA Loan Application Checklist Use this easy-to-follow USDA loan application checklist to help you gather the information and documents you’ll need for a successful and stress-free application process. View Checklist