Programs
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Financial Assistance
All Projects
Financial Assistance


This program offers the broadest parameters, to meet the widest scope of project and equipment needs.

RIHBEC serves as a valuable resource, providing information, advice and practical, hands-on assistance about financing opportunities to qualified health and educational providers. A growing number of diverse, community non-profit organizations seeking assistance include:

  • Community Counseling Organizations
  • Health Centers
  • Secondary Schools

We welcome and encourage eligible organizations, those qualified by RIHEBC's enabling legislation, to seek our advice and professional assistance. Most often, clients seek the cost-saving advantages of these services:

  • Direct Loans
  • Grants

Terms and dollar amounts variable.

Direct Loans
02/17/09 $300,000 The Providence Center
Purchase new phone system.
12/03/07 $300,000 Northwest/Bayside Family Healthcare, Inc.
To fund the reorganization and merger.
02/16/06 $800,000 Board of Governors
Proceeds used for renovations of various buildings.
11/01/05 $525,000 City of East Providence
Financing for school repairs.
11/01/05 $700,000 UMHC
Refinancing existing debt.
08/12/05 $750,000 LaSalle Academy
Renovations to administrative office and upgrades for fire code requirements
05/26/05 $138,057 NHPRI
Information technology equipment, including hardware, software and installation.
07/01/04 $300,000 VNA/Healthtouch
Relocation and renovations of Healthtouch, Inc.
02/27/04 $500,000 Harmony Hill School
Refinancing existing mortgage.
08/22/03 $286,000 Northwest
Refinancing existing mortgage, purchase of equipment.
07/25/03 $495,000 NCCMHC
Refinancing existing mortgage.
02/05/03 $340,000 VNA of CNE
Purchase of technology system and equipment.
05/18/02 $100,000 VNS
Renovation & equipping of facility.
06/30/01 $250,000 HC of SC
Refinancing existing mortgage.
06/27/01 $400,000 NHPRI
06/28/00 $400,000 Northwest
Refinancing existing mortgage.
04/07/99 $117,000 Woodriver
Refinancing existing mortgage.
08/17/98 $400,000 Thundermist
Purchase of telephone and telecommunications systems and equipment.