What can HeLP funds be used for?
HeLP funds may be used to finance the acquisition and installation of equipment or construction, or to refinance existing debt including leases. Funds may be applied to nursing homes or hospices owned by a hospital, or the nursing home or hospice may borrow independently. Working capital or accounts receivable are not eligible for financing, although if you choose to finance capital budget items through HeLP, this can free-up cash for any use you may have. Hospitals may also borrow the costs associated with the bond issuance as well as the first year credit support fees.
