V-Cap Partners with the Colorado Health Foundation to Strengthen Primary Care

September 07, 2016

V-Cap is proud to announce a new partnership with the Colorado Health Foundation to strengthen primary care for rural and low-income communities in Colorado.

Through this collaboration, V-Cap is able to offer a limited pool of below-market rate loans to organizations that provide primary care services to low-income and underserved Coloradans, with an emphasis on supporting projects that integrate physical, behavioral, and oral health services. This initiative will provide flexible financing to meet the shifting needs of organizations as they evolve and grow in the changing health care environment.

V-Cap expects this funding will support the expansion of quality healthcare services for high need populations, as well as the development of quality frontline healthcare jobs in Colorado.

For certain qualifying projects, loans may be issued in conjunction with grants from the Foundation’s Strengthening Primary Care initiative.

V-Cap loans under this program are available to diverse provider types so long as primary care is a significant component of services provided. Loans under this program can support capital needs in the range of $500,000 to $5 million, including:

  • Facility acquisition, construction, renovation or expansion
  • Medical and office equipment purchases
  • Hardware, software, installation and technical assistance costs associated with health information technology systems
  • Working capital for expenses associated with new or expanded services

All loans under this program must meet V-Cap’s credit and mission standards. As this program has a limited size, V-Cap will prioritize projects that demonstrate substantial impact for high need Coloradans.

If your organization is potentially interested in a loan under this program, please contact V-Cap’s Colorado coordinator, Ben L. Bynum, M.D. at bbynum@vitalcap.org.

The_Colorado_Health_Fundation_logo

For more information on the Colorado Health Foundation’s Strengthening Primary Care initiative, please contact senior program officer, Tanya Weinberg, at tweinberg@ColoradoHealth.org or visit the Foundation’s website.

CONTACT V-CAP:

Ben L. Bynum, M.D. – 720.465.7070

CONTACT THE FOUNDATION:

Tanya Weinberg