StroudwaterGCL has completed $102 million in government-guaranteed financing for Deborah Heart and Lung Center, a hospital that provides high-quality critical care to cardiac, pulmonary, and vascular patients. Deborah Heart and Lung Center located in Brown Mills, NJ, is New Jersey’s only specialty heart, lung, and vascular hospital, and an Alliance member of Cleveland Clinic Heart,…
Historically, capital investments required for rural hospitals to modernize facilities have been unavailable, but the expansion of the USDA Community Facilities Program, the stabilization of finances with Critical Access Hospital (CAH) status, and other federal programs over the past decade has changed the equation. Encouraging News from the Financial Market With loan programs established in…
An upcoming Board agenda includes a discussion about pursuing a large capital investment (i.e., building new space, and/or expanding and renovating existing space) to improve existing services or create new opportunities for expanding into new service lines. How do you prepare to fulfill your critical role in oversight and governance on this issue? There is…
Greater Commercial Lending (GCL), a subsidiary of Greater Nevada Credit Union (GNCU), made Paycheck Protection Program (PPP) loans totaling $737.7 million during 2020 and 2021 to small businesses and nonprofits in all 50 states and six U.S. territories. That represents the largest PPP sum from any U.S. credit union or credit union subsidiary, according to data published by…
This content was written by Brian Haapala and was published in The Governance Institute’s E-Briefings May 2021 Newsletter. Please see the original content here. Liquidity is to a hospital what altitude is to a parachutist, water depth is to a boater, and gasoline in the tank is to a NASCAR driver. Without liquidity, activity and…
The COVID-19 pandemic has presented a series of new and unique challenges for rural healthcare organizations. The pandemic initially hit urban communities hardest, giving rural providers additional time to develop preparedness plans. The process confronted hospital leaders with a list of hurdles in trying to provide the best care for patients as the pandemic hit.…
StroudwaterGCL provides rural healthcare clients with needed capital quickly. Our services help providers located in areas of 50,000 people or fewer improve the financial health of their own organizations and create a sustainable healthcare system by 1) securing and funding USDA loans to fund high-impact investments in new facilities and services and 2) saving interest…
Funding New Rural Hospital Projects: From Concept to 3D Reality Traditionally, rural hospitals and health systems have run into challenges when trying to access capital to fund projects in their communities. Lenders often avoided providing funding to rural healthcare facilities due to perceived risk. StroudwaterGCL is changing this misconception and bringing national buying power to…
Stroudwater Associates, the nation’s leading source of strategic, operational, and financial strategy for rural, community and county/district owned hospitals, welcomes Brian Haapala, MHSA, FACHE as Chief Executive Officer of StroudwaterGCL Rural Healthcare Capital, a joint venture with Greater Commercial Lending (GCL), to help rural healthcare businesses access USDA guaranteed loans. Haapala has served as a…
Rural hospitals are now eligible for a second round of Payroll Protection Program (PPP) loans as authorized as part of the Consolidated Appropriations Act, 2021. The new program is open to both new and previous PPP recipients. While many big banks have stated they will not be working with organizations on this second round of…