The Healthcare Equipment Loan Program (HELP) is a tax-exempt financing plan that offers Michigan health care organizations a low-cost alternative to conventional methods of borrowing for a variety of capital-related purposes. HELP involves a group of borrowers participating in a single bond issue and sharing the costs of issuance and administrative fees associated with the bond issue.

HELP is offered through the combined efforts of the Michigan State Hospital Finance Authority and the Michigan Health & Hospital Association Service Corporation. The program was originated in 1980 and has made loans to the majority of Michigan hospitals totaling more than $690 million.

Borrowers must be private, non-profit Michigan health care organizations. A credit rating is not required; however, borrowers must meet the loan requirements of the credit support facility. Borrowers include hospitals, nursing homes, clinics, hospices, home health agencies, visiting nurses associations, ambulance companies, etc.

Contact Authority Finance Division staff or the MHA Service Corporation regarding your healthcare organization's eligibility.

HELP funds may be used to finance the acquisition and installation of equipment or construction, or to refinance existing debt including leases. The term of the loan is subject to the useful life of the assets financed. 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.

Application Materials •  HELP Loan Process •  Application •  Reimbursement Resolution •  History of HELP Rates •  FAQ's

MSHFA •  MSHFA Board •  About MSHFA •  By-Laws •  Bonds Issued •  Variable Interest Rate Chart

 Michigan State Hospital Finance Authority
Austin Building, 1st Floor
(Formerly Treasury Building)
430 W. Allegan
Lansing, MI 48901
Phone: (517) 335-0994 Fax: (517) 241-9509
Treas_Authority_Finance@michigan.gov
www.michigan.gov/mshfa