Revolving Loan Program
The Revolving Loan Program provides low-interest financing to licensed health care facilities, educational institutions, and clinical training providers implementing innovative solutions. Loans cover up to 50% of total project costs, or up to 80% for rural or underserved area applicants.
Low-Interest Loans
- Maximum 1% interest rate
- Up to $5 million per project
- 10-year repayment terms
Priority Focus
- Rural hospitals
- Underserved communities
- Nonprofit Medicaid providers
Eligible Uses
- Innovative technology implementation
- Equipment and materials
- Service delivery model adoption
Who Can Apply
- Health care facilities licensed, registered, or certified by the Agency for Health Care Administration per section 408.802, F.S., except for those specified in sub sections (1), (3), (13), (23), or (25).
- Educational or clinical training providers in partnership with eligible health care facilities.
Note: Priority is given to rural hospitals, as defined in section 395.602, F.S., and nonprofit entities that accept Medicaid patients and are located in rural or medically underserved areas.
Application Process
The Department of Health sets multiple application periods each year (up to four periods annually). Applications are reviewed by the Council based on:
- Potential to increase health care system efficiency
- Impact on reducing workforce strain
- Improvement in patient outcomes
- Expansion of public access to health care
- Cost savings without reducing quality