Gothenburg, Nebraska, Feb 11, 2011 -- USDA Rural Development has approved a $2.5 million direct loan to Gothenburg Memorial Hospital, Inc. Rural Development has also issued a guarantee on a $500,000 loan made by the Gothenburg State Bank. The loans will be leveraged with $230,000 from the recipient. A new physicians clinic will be constructed that will bring greater health care services to the area.
"Gothenburg Memorial Hospital prides itself in not only being a leader in technology in rural America, but also in its planning for the future. Caring for the patients of our community and the surrounding areas is our prime commitment and this building project will help us achieve that goal by being able to recruit new physicians and other practitioners to our area for many years to come,” said Chief Executive Officer, John Johnson, Gothenburg Memorial Hospital, Inc.
“We are excited and proud to be involved with a project that helps guarantee the future of high quality health care for our community. Improving our local health care system benefits all area residents,” said First Vice President Mike Hilderbrand, Gothenburg State Bank.
The new clinic will be constructed at the site of the existing hospital. It will consist of 13,047 square feet on the first floor and 3,252 square feet in the basement. The new facility is planned to accommodate eight physicians and will house 21 exam rooms and an office for each of the physicians.
“Quality rural health care is a priority with USDA Rural Development and we are pleased to assist Gothenburg with the construction of a new physician’s clinic. The location of the clinic on the hospital campus will improve efficiencies for both staff and patients,” said Area Director Paul Bartlett, USDA Rural Development.
The USDA Rural Development direct loan will be for 40 years at 3 3/4 percent interest and was funded through the Community Facility Direct loan program. The loan guarantee was provided through the USDA Rural Development Community Facility Guaranteed loan program.
For additional information in Nebraska, contact Paul Bartlett (308) 237-3118 ext. 1122 or firstname.lastname@example.org.