Healthcare Lending

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 Types Companies in all segments of the healthcare industry
Eligible Borrowers For profit and not-for-profit entities
Loan Amount Up to $5 million commitment size
Location Nationwide
Term Up to 5 years
General Loan Terms
  • Up 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 Rate Floating over LIBOR
Typical Recourse Limited
Other
  • Ability 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 Types Skilled Nursing (Skilled and Intermediate Care), Assisted Living and Board & Care Facilities
Eligible Borrowers For profit and not-for-profit entities
Loan Amount Up to $5 million commitment size
Location Nationwide
Term & Amortization Up to 5 years; Interest only and amortizing loans available
General Loan Terms Underwritten to HUD's specifications and take out requirements
Interest Rate Floating over LIBOR
Typical Recourse Limited
Other Flexible terms available