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FY2003 GRANTEES
| PARTNERS | LOAN DESCRIPTION |
| Delaware | |
|
Lead Agency: Department of Vocational Rehabilitation Community-based Entity: Delaware Assistive Technology Initiative Lending Institution: Wilmington Trust Company Artisans Bank Dexsta Credit Union |
Models: Guarantee Interest-buy down Loan $ Range Not determined Interest Rate Charged Borrower: Not determined Repayment Terms: Not determined |
| Florida | |
|
Lead Agency: Vocational Rehabilitation Services Community-based Entity: Florida Alliance for Assistive Services and Technology (FAAST, Inc) Lending Institution: AmSouth Bank |
Models: Loan Guarantee Loan $ Range $500 - $20,000 Interest Rate Charged Borrower: Prime plus 3% Repayment Terms: Up to 5 years |
| Georgia | |
|
Lead Agency: Georgia Department of Labor Community-based Entity: Tech-Able Inc Lending Institution: to be determined |
Models: Guaranteed Loan $ Range to be determined Interest Rate Charged Borrower: to be determined Repayment Terms: to be determined |
| Guam | |
|
Lead Agency: University of Guam Center for Excellence Community-based Entity: to be determined Lending Institution: to be determined |
Models: Low interest Loan $ Range to be determined Interest Rate Charged Borrower: to be determined Repayment Terms: to be determined |
| Illinois | |
|
Lead Agency: Illinois Department of Human Services Community-based Entity: Illinois Assistive Technology Project Lending Institution: Security Bank |
Models: Loan guarantee Interest Buy-down Loan $ Range $500-$40,000 Interest Rate Charged Borrower: 3.5% Repayment Terms None set |
| Iowa | |
|
Lead Agency: Iowa Finance Authority Community-based Entity: Abilities Fund Iowa Able Foundation Lending Institution: To be determined |
Models: Loan Guarantee Loan $ Range To be determined Interest Rate Charged Borrower: To be determined Repayment Terms: To be determined |
| Kansas | |
|
Lead Agency: Kansas University Community-based Entity: Kansas Assistive Technology Cooperative (KATCO) Lending Institution: Alliance Bank |
Models: Loan Guarantee Revolving Loan $ Range up to $50,000 Interest Rate Charged Borrower: 2.5% - 7.9% Repayment Terms: Up to 10 years |
| Kentucky | |
|
Lead Agency: Kentucky Department of Vocational Rehabilitation Community-based Entity: Kentucky Assistive Technology Loan Corporation Lending Institution: Fifth Third Bank of Kentucky Kentucky Housing Corporation |
Models: Loan Guarantee Interest Buy-Down Loan $ Range $500 - $25,000 Interest Rate Charged Borrower: 4.75% Repayment terms: 6% loans - life of device, max 8 years on new vehicle 4% loans - Up to 5 years |
| Maryland | |
|
Lead Agency: Maryland Technology Assistance Program Community-based Entity: Assistive Technology Guaranteed Loan Program Board Lending Institutions: Sun Trust State Employees Credit Union of Maryland, Inc, 1st Mariner Bank |
Models: Guaranteed loans - Credit Union, SunTrust, and 1st Mariner. Non-guaranteed loans - Credit Union and SunTrust Loan $ Range: $500 - $30,000 Interest Rate Charged Borrower: 3% - 3.25% Repayment Terms:: 1 - 7 years |
| Massachusetts | |
|
Lead Agency: Massachusetts Rehabilitation Commission Community-based Entity: To be determined Lending Institution: To be determined |
Models: To be determined Loan $ Range: To be determined Interest Rate Charged Borrower: To be determined Repayment Terms To be determined |
| Michigan | |
|
Lead Agency: Department of Career Development, Rehabilitation Services Community-based Entity: Michigan Disability Rights Coalition Lending Institution: Financial Health Credit Union |
Models: Guaranteed Loan $ Range: Up to $20,000 Interest Rate Charged Borrower: varies Repayment Terms useable life of device |
| Minnesota | |
|
Lead Agency: Department of Administration Community-based Entity: Assistive Technology of Minnesota Lending Institution: Bremer Bank |
Models: Low Interest Revolving Loan $ Range: To be determined Interest Rate Charged Borrower: To be determined Repayment Terms To be determined |
| Nebraska | |
|
Lead Agency: Nebraska Assistive Technology Partnership Community-based Entity: To be determined Lending Institution: To be determined |
Models: Revolving low-interest loan fund Loan $ Range: $1,500 - $50,000 Interest Rate Charged Borrower: 0% - 3% Repayment Terms To be determined |
| New Mexico | |
|
Lead Agency: New Mexico Technology Assistance Program, Division of Vocational Rehabilitation Community-based Entity: To be determined Lending Institution: To be determined |
Models: To be determined Loan $ Range: To be determined Interest Rate Charged Borrower: To be determined Repayment Terms To be determined |
| North Dakota | |
|
Lead Agency: Interagency Program for Assistive Technology Community-based Entity: North Dakota Association for the Disabled Lending Institution: To be determined |
Models: Guaranteed loan Low interest Loan Loan $ Range: $500 - $15,000 (proposed) Interest Rate Charged Borrower: To be determined Repayment Terms: To be determined |
| Northern Mariana | |
|
Lead Agency: CNMI Council on Developmental Disabilities Community-based Entity: to be determined Lending Institution: to be determined |
Models: Revolving Loan Loan $ Range Up to $25,000 Interest Rate Charged Borrower: to be determined Repayment Terms to be determined |
| Oklahoma | |
|
Lead Agency: Oklahoma ABLE Tech Community-based Entity: Oklahoma Assistive Technology Foundation Lending Institution: BancFirst |
Models: Loan Guarantee Loan $ Range: No min or max Interest Rate Charged Borrower: Maximum - 2% above prime Repayment Terms:: up to 5 years |
| Pennsylvania | |
|
Lead Agency: Department of Community and Economic Development Community-based Entity: Pennsylvania's Assistive Technology Foundation Lending Institution: Sovereign Bank United Bank of Pennsylvania Other Partner: State Department of Aging |
Models: Loan guarantee Interest Buy down Loan $ Range: $500 - $25,000 Interest Rate Charged Borrower: 3.5% Repayment Terms:: Up to 10 years |
| South Carolina | |
|
Lead Agency: South Carolina Vocational Rehabilitation Department Community-based Entity: The Foundation for Independence through Employment Lending Institution: South Trust Bank |
Models: Guarantee Interest buy-down Loan $ Range: Not determined Interest Rate Charged Borrower: Not determined Repayment Terms: Not determined |
| U.S. Virgin Islands | |
|
Lead Agency: University of the Virgin Islands Community-based Entity: Virgin Islands Assistive Technology Foundation Lending Institution: To be determined |
Models: To be determined Loan $ Range: To be determined Interest Rate Charged Borrower: To be determined Repayment Terms To be determined |
| Utah | |
|
Lead Agency: Utah Assistive Technology Program Community-based Entity: Utah Assistive Technology Foundation Lending Institution: Zions Bank |
Models: Interest buy-down Loan $ Range: $1,000 - $50,000 Interest Rate Charged Borrower: 0% - 3.3% Repayment Terms:: Up to 5 years |
| Vermont | |
|
Lead Agency: Vermont Department of Aging and Disabilities Community-based Entity: Vermont Development Ventures Lending Institution: Vermont Development Credit Union |
Models: Revolving loan Loan $ Range: to be determined Interest Rate Charged Borrower: to be determined Repayment Terms to be determined |
| Virginia | |
|
Lead Agency: Virginia Department of Rehabilitative Services/Virginia Assistive Technology System (VATS) Community-based Entity: Assistive Technology Loan Fund Authority (ATLFA) Lending Institution: SunTrust Bank |
Models: Revolving loan fund Guaranteed loan program Interest rate buy-down Non-guaranteed low interest loan Loan $ Range: No lower limits for loans No upper limits - interest buy-down Up to $40,000 - guaranteed loans Interest Rate Charged Borrower: 0% to 5% rate for direct loans based on ability to pay 3% rate for guaranteed loans 4% below current rates for non-guaranteed low-interest loans Repayment Terms: Up to 48 months - under $5,000 Up to 60 months - over $5,000 Up to 72 months - vehicles Up to 20 years - home equity loans |
| Washington | |
|
Lead Agency: Community Trade and Economic Development Community-based Entity: Washington Assistive Technology Foundation Lending Institution: To be determined |
Models: Revolving loan Loan $ Range: to be determined Interest Rate Charged Borrower: to be determined Repayment Terms to be determined |
| Wisconsin | |
|
Lead Agency: Wisconsin Department of Health and Family Services Community-based Entity: IndependenceFirst Lending Institution: M &I Marshall and Ilsely Bank |
Models: Loan Guarantee Loan $ Range: $1,000 - $35,000 Interest Rate Charged Borrower: Prime plus 2% Repayment Terms: 1-5 years |
| Wyoming | |
|
Lead Agency: Wyoming Institute for Disabilities Community-based Entity: Wyoming Independent Living Rehabilitation, Inc. Lending Institution: First Interstate Bank |
Models: Interest Buy-down Loan $ Range: $500 - $5,000 Interest Rate Charged Borrower: 0% Repayment Terms: Up to 60 months |
DRAFT October 2003
Produced by RESNA/AFTAP, 1700 North Moore Street, Suite 1540, Arlington, VA 22209, 703/524-6686 (V), 703/524-6639 (TDD), 703/524-6630 (Fax), http://www.resnaprojects.org/AFTAP
This publication is available in alternative formats.
The RESNA Alternative Financing Technical Assistance Project (AFTAP), Cooperative Agreement #H224C030002A, is an activity funded by the National Institute on Disability and Rehabilitation Research (NIDRR) and the Rehabilitation Services Administration (RSA), U.S. Department of Education (ED), under the Assistive Technology Act of 1998. The information contained herein does not necessarily reflect the position or policy of NIDRR/ED or the Rehabilitation Engineering and Assistive Technology Society of North America (RESNA), and no official endorsement of the materials should be inferred.
1700 North Moore Street, Suite 1540
Arlington, VA 22209-1903
Phone: 703/524-6686 Fax: 703/524-6630 TTY: 703/524-6639
Email: info@resna.org http://www.resnaprojects.org/AFTAP