Emergency Medi-Cal Loan Program

The CAFP fully realizes the difficult circumstances family physicians and their offices may encounter as a result of the State Budget impasse and the resulting halt to Medi-Cal payments and/or a 10 percent cut to payments. The Academy Board of Directors has approved an emergency measure to assist members with small, short-term, low interest/loan fee loans to be used for office overhead/operations.  The loans are only a stop-gap, and not meant to completely support a practice during this tough time.  They will be made on a one-time only basis, and only one will be made per member. 

Loan Criteria and Details

To apply for a loan, you must meet these criteria and complete the following documents:

• Active CAFP member
• More than 33 percent Medi-Cal patients in your practice
• Loan application, with tax ID, and Medi-Cal provider number
• Signed promissory agreement

Emergency Medi-Cal Loans

• $7,500-$10,000 per member, one-time only
• Repayment deadline of January 31, 2009
• 3 percent interest/loan fee to cover CAFP handling and processing (non-refundable) *
• Loan payable in entirety by January 31, 2009 unless by prior arrangement, approval is given for an extension of 3-6 months.

* In order to meet minimum Federal tax requirements, and ensure an arm's length agreement (avoiding inurement to members), CAFP must charge 3 percent interest/loan fee. The interest for a $10,000 loan will be $300. This amount will not be pro-rated for early repayment.

To apply for a loan, please click here to obtain the necessary forms. For more information, please contact Susan Hogeland or Shelly Rodrigues at (415) 345-8667 or shogeland@familydocs.org or srodrigues@familydocs.org.