Sustaining Rural Communities through Healthcare Revitalization
Access to quality healthcare is a critical issue for people living in rural America. As the population ages, and as medical facilities become dated or are simply outgrown, providers must find new ways to offer new technologies, treatments and methods to monitor care-giving as well as attract professionals trained in their use – all while ensuring the services remain sustainable and affordable.
At AgStar, we work with an extensive network of economic developers, banks, community and industry leaders, rural businesses and other financial institutions and individuals to develop the best funding solution for health care projects and facilities. In fact, health care projects comprise the majority of our rural capital financing projects.
We understand that the rural healthcare industry is important not only because of healthcare facility utilization but also because healthcare facilities provide much-needed jobs in rural areas.
Sustaining the healthcare industry in these areas is essential, but it also comes with substantial resource and capital needs.
AgStar provides rural healthcare facilities a dependable source of capital for projects ranging from replacement critical access hospitals to new or remodeled skilled nursing facilities and more. We have an extensive resume of partnering with USDA Rural Development’s Essential Community Facilities programs, providing long-term fixed interest rate funding under the USDA Guarantee program, as well as providing interim construction financing with the USDA Direct Loan serving as permanent financing. AgStar also collaborates with local financial institutions to ensure community-based financing approach.