Waiting for approval
USDA requires additional information to complete processing of hospital loan application
August 12, 2020
After the Platte Valley Healthcare Project (PVHP) submitted the original application for a Critical Access Hospital in June, the United States Department of Agriculture (USDA) responded with their comments and asked for additional clarification on certain areas of the hospital construction and operation.
Among the additional information requested was updated equipment costs and construction timelines as well as final costs, an updated 12-month working capital estimate and a sensitivity analysis incorporating COVID impact on the project.
“The USDA asked for greater detail on our medical...