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Loan Program offering $20 million in loans to rural hospitals

The Kentucky Rural Hospital Mortgage Program is making $20 million in low-interest loans obtainable to help rural hospitals throughout the state, Gov. Andy Beshear introduced Tuesday.

The Democratic governor mentioned the funds will assist rural Kentuckians by serving to hospitals preserve or improve amenities, retain or enhance the present workers and supply well being care companies not at present obtainable to residents.

Any hospital positioned inside a Kentucky county with a inhabitants of fewer than 50,000 is eligible to use for this system. Eligible hospitals can obtain a mortgage quantity starting from $25,000 to $1 million per hospital facility with a 1% fastened rate of interest.

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