PARTNERS

FUNDING

LOAN DESCRIPTION

Kansas

Lead Agency:

Assistive Technology for Kansans and the University of Kansas

Community-based Entity:

Kansas Assistive Technology Cooperative (KATCO)

Lending Institution:

Mid American Credit Union

Consumer Organizations:

Five Regional Assistive Technology Access Sites

$742,576 - Federal grant

up to $7.6 million - Mid American Credit Union

$765,000 - Kansas University Center for Research

$1,670,038

$146,824

Revolving loan - (KATCO)

Loan guarantee - Mid Atlantic Credit Union

Loan $ Range

$50 - $10,000

5.5% - 9.9%

36 months, and possibly longer

Maryland

Lead Agency:

Maryland Technology Assistance Program

Community-based Entity:

Assistive Technology Guaranteed Loan Program

Lending Institutions:

State Employees Credit Union

Sun Trust

Allfirst Bank

Consumer Organizations:

Maryland AT Co-Op

Benefits InfoSource

Maryland CILs

$500,000 - Federal grant

$500,000 - State of Maryland

$500,000 - MD State Employees Credit Union

$53,400 - Title I

$28,400 - Maryland TAP

$5,600 - MD DRS

$726,966

$87,400

Guaranteed loans - Credit Union and SunTrust.

Non-guaranteed loans - Credit Union and Allfirst.

Loan $ Range:

$500 - $20,000 +

4 points below prime for guaranteed loans

1 - 7 years

Missouri

Lead Agency:

Governor's Council on Disability

Community-based Entity:

Missouri Assistive Technology Council (MoAT)

Lending Institution:

Office of State Treasurer

Other financial institutions

Consumer Organizations:

Missouri Family Trust

21 CILS

11 DD Regional Advisory Councils (RAC)

$550,000 - Federal grant

$500,000 - State of Missouri

$100,000 - State of Missouri (FY2002)

$950,000

$150,000 year 1, $100,000 year 2

Revolving loan program - start-up

Loan guarantee - future expansion

Loan $ Range:

$500 - $10,000

2% - 7%

max 10 years

Pennsylvania

Lead Agency:

Temple University/UAP

Community-based Entity:

Pennsylvania Assistive Technology Foundation

Lending Institution:

First Union National Bank

Consumer Organizations:

Volunteer "application center" network - includes CILs, senior centers, disability organizations

$500,000 - Federal grant

$500,000 - First Union National Bank

$300,000 - Commonwealth of Pennsylvania

$300,000

$200,000 year 1

Revolving loan program - loans under $3,000

Loan guarantee program

Loan $ Range:

under $1,000 - $25,000

First Union - prime

revolving loan - TBA

varies by type of AT

Utah

Lead Agency:

Utah Assistive Technology Program

Community-based Entity:

Utah Assistive Technology Foundation

Lending Institution:

First Security Bank

$500,000 Federal grant

$1,000,000 First Security Bank

$382,350 Utah AT

$1,000,000

$104,000 year 1

$75,000 year 2 and beyond (at current program level).

Interest buy-down

Small grant program -- up to $3000

Modified vehicle interest buy-down -- up to $2,500.

Loan $ Range:

No set limit

2%

up to 60 months, may be negotiated to longer term

Virginia

Lead Agency:

Department of Rehabilitation Services, Virginia Assistive Technology System

Community-based Entity:

Assistive Technology Loan Fund Authority (ATLFA)

Lending Institution:

SunTrust Bank

Consumer Organizations:

Virginia State Independent Living Council - 16 CILs

$1,000,000 - Federal funds

$1,300,000 - State of Virginia

$2,800,000

$266,000 (includes $180,000 to pay for administrative fees for interest rate buy-down and to pay for Consumer Counseling)

Revolving loan fund

Guaranteed loan program

Interest rate buy-down

Non-guaranteed low interest loan

Loan $ Range:

No limits - interest rate buy-down

Up to $20,000 - guaranteed loans

5.5% - guaranteed loans

4% less than Wall Street Journal Prime rate - guaranteed low interest loans

4.25% below current rates - non-guaranteed low-interest loans

Up to 48 months - loans under $5,000

Up to 60 months - loans over $5,000

Up to 60 months - used vehicles

Up to 72 months - new vehicles

Up to 120 months - home equity loans

[Note: revolving loan program offered by ATLFA at 5.5% interest for loans up to $4,000. These direct loans are not part of the federal grant program.]