CSAC Bulletin Article

CMSP Governing Board Announces Bridge Loan Program

The County Medical Services Program (CMSP) Governing Board has begun accepting applications for the CMSP COVID-19 Bridge Loan Program. The loan program aims to assist community health centers continue the essential health care services during this pandemic. Eligible entities are federally Qualified Health Centers, Rural Health Clinics, and Tribal Health Programs with active contracts in one of the 35 CMSP counties.

The Bridge Loan Program will provide loans in amounts ranging from $10,000 – $300,000 with zero interest charged for the first 12 months, and a low interest rate charged for the second 12 months.  Loan amounts are due and payable at the end of the 24-month period.

The bridge loan application deadline is June 20, 2020. After all of the documents have been received and approved, an MOU and Security Agreement will be sent to the community health center for formal execution of the CMSP Bridge Loan.

Please email any questions about the CMSP Bridge Loan Program to bridgeloans@cmspcounties.org.

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