Most 501(c)(3) not-for-profit healthcare providers dread the time, effort and expense involved in securing tax-exempt financing for their major capital acquisitions.
With conventional public bond financing, for example, it could take 6-9 months - or even longer - to complete all the paperwork and get the necessary approvals. Then, should you want to make additional capital acquisitions, the entire process begins all over again. That's why we developed TECn ("tax-exempt capital to the nth power") agreements. To give you fast, simplified access to the tax-exempt funds you want...to acquire the capital assets you need.
Here are some of the advantages that make TECn financing a preferred solution
Only one standardized master agreement needs to be completed
Simplified documentation minimizes the need for investment bankers, financial advisers, rating agencies, trustees, paying agents, and liquidity facilities
The need for credit enhancements is minimized; feasibility studies and complex disclosure rules are not required
As the originator, GE approves the credit and structure, assuring faster loan approvals
Reduced issuance costs provide for low, all-inclusive financing rates
Quick, easy, inexpensive access to additional tax-exempt funds whenever required (subject to credit approval)
Your savings accumulate with each transaction
Can also be used for certain capital equipment upgrades
Complete disclosure of all costs, rates and contract terms
Flexible financing protects you
As a leader in capital financing for healthcare providers around the world, GE Healthcare Financial Services understands your need for predictability and security. A TECn agreement addresses these needs in many ways.
It's fast
With TECn financing, your tax-exempt funds will usually be available in an escrow account within 60-90 days from signing the proposal (depending on the issuing authority).
It's renewable
Once you've used TECn financing the first time, it's even easier to obtain additional tax-exempt funds for new projects. For example, purchase a GE MR scanner with TEC1, upgrade your communication system with TEC2, equip a new women's health center with TEC3. Just tell us when you're ready to make another purchase and we'll launch the process.
It's cost effective
GE has already done the expensive, back-room work, so your overall financing costs are lower. And the more you use TECn financing, the more you will save.
It's versatile
No matter what your capital acquisition needs - sophisticated imaging systems (and the facilities to house them), new energy programs, biomedical or laboratory instruments, communications and IS equipment, even ambulances and helicopters, TECn financing can be tailored to fit your plans.
Making TECn work for you Call 1 800-643-6439 to talk to our financial professionals and we'll work out a tax-exempt financing plan tailored to your needs. You'll get quick access to the funding you want without the hassles usually associated with tax-exempt financing.
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