KATCO Loan Program
|By: Sara Sack, Ph.D|
|Assistive Technology for Kansans|
Assistive Technology for Kansans
Increasing Access to Assistive Technology and Increasing Financial Power
Loan Guarantee &
Revolving Loan Program
|Individual obtains loan application|
|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.|
"If not eligible,"
|If not eligible, or individual chooses to pursue private funding, AT Access Site assists in completing the application.|
|Credit Union obtains credit history and determines whether the loan can be made without being secured.|
"If a guarantee is required"
|If a guarantee is required, the application is reviewed by the consumer loan committee.|
|The loan is made or the steps to increase credit worthiness are identified.|
"Loans are made at rates..."
|Loans are made at rates that vary from 5.5% to 9.9%|
|$120,000 has been loaned in the last 9 months|