Greater Commercial Lending, which provides government-guaranteed loans to businesses and organizations in rural communities, has completed $80 million in financing for Lane Regional Medical Center in Zachary, Louisiana, Biz New Orleans reports.
The loan package, guaranteed by the U.S. Department of Agriculture, will go toward renovating and expanding the existing hospital facility.
The project includes construction of an 82,000-square-foot, four-story tower, which will house a new patient nursing unit, a surgery unit with a central sterile services department, an ICU waiting room, and administrative and general support space. The renovation will provide expanded admitting and lobby space, as well as improvements to the outpatient surgery unit, surgery support space, radiology, preadmit testing, post anesthesia care unit and special procedures. Read more.
