Congressional Bank

Healthcare

Our Healthcare Lending group works with borrowers throughout North America to provide asset-based accounts receivable financing. In addition, we provide bridge-to-HUD real estate term loans. We provide loans to support:

  • Acquisitions
  • Growth
  • Working capital
  • Recapitalizations

Congressional Bank directly originates loans to healthcare businesses. We also participate in financings to borrowers that are agented by other banks and finance companies that have healthcare industry expertise.

We provide custom solutions to our clients in a timely and creative manner. All financings are first lien, senior secured by the relevant assets.

Summary of General Revolving Loan Characteristics

GENERAL REVOLVING LOAN CHARACTERISTICS
Business TypesCompanies in all segments of the healthcare industry
Eligible BorrowersFor profit and not-for-profit entities
Loan AmountUp to $16 million commitment size
LocationNationwide
TermUp to 5 years
General Loan TermsUp to 85% advance rate on eligible receivables and up to 50% on eligible inventory

Eligible receivables include Medicare, Medicaid, commercial insurance, and institutional accounts receivable

Advances on receivables aged up to 150 days
Interest RateFloating over LIBOR
Typical RecourseLimited
OtherAbility to borrow from and repay the balance repeatedly over the term of the loan

Flexible terms available

Summary of General Bridge-to-HUD Loan Characteristics

GENERAL BRIDGE-TO-HUD LOAN CHARACTERISTICS
Property TypesSkilled Nursing (Skilled and Intermediate Care), Assisted Living and Board & Care Facilities
Eligible BorrowersFor profit and not-for-profit entities
Loan AmountUp to $16 million commitment size
LocationNationwide
Term & AmortizationUp to 5 years; Interest only and amortizing loans available
General Loan TermsUnderwritten to HUD’s specifications and take out requirements
Interest RateFloating over LIBOR
Typical RecourseLimited
OtherFlexible terms available

Contact

Amy Heller
301-744-9380
aheller@congressionalbank.com