KATCO Loan Program
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By:
Sara Sack, Ph.D |
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Assistive Technology for Kansans |
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(316) 421-8367 |
Assistive Technology for
Kansans
Slide 3
KATCO
Increasing
Access to Assistive Technology and Increasing Financial Power
Loan Guarantee &
Revolving Loan Program
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Individual obtains loan application |
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Regional Access Site investigates
eligibility for public assistance, availability of donated equipment, or need
for trail use of equipment. Helps
consumer apply for assistance if eligible. |
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"If not eligible,"
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If not eligible, or individual chooses
to pursue private funding, AT Access Site assists in completing the
application. |
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Credit Union obtains credit history and
determines whether the loan can be made without being secured. |
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"If a guarantee is
required"
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If a guarantee is required, the
application is reviewed by the consumer loan committee. |
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The loan is made or the steps to
increase credit worthiness are identified. |
"Loans are made at
rates..."
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Loans are made at rates that vary from
5.5% to 9.9% |
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$120,000 has been loaned in the last 9
months |