National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2017

Financial Loans
Programs Reported 35
States New Loans 34

Financial Loans By Area
Number of Applications Area of Residence Total
Metro
RUCC 1-3
% Metro Non-Metro
RUCC 4-9
% Non-Metro N %
Approved Loan made 625 73.27% 228 26.73% 853 67.91%
Approved Not made 90 92.78% 07 7.22% 97 7.72%
Rejected 247 80.72% 59 19.28% 306 24.36%
Total 962 294 1,256 100%

Income
Lowest Income: $325 Highest Income: $285,600

Average Income
Sum of Incomes Loans Made Average Annual Income
$36,876,468 853 $43,231

Loans By Income Range
$15K % $15K
$20K
% $15K
$20K
% $25K
$30K
% $30K
$35K
% $35,001
or More
%
Loans
Made
196 23 197 23 163 19 105 12 72 08 120 14

Loan Type
Type of Loan Number of Loans Percentage of loans
Revolving Loans 466 54.63%
Partnership Loans
Without interest buy-down or loan guarantee 50 5.86%
With interest buy-down only 51 5.98%
With loan guarantee only 169 19.81%
With both interest buy-down and loan guarantee 117 13.72%
Total 853 100%

Partnership Interest Split
Low Interest Preferred Interest
387 00
45.37% 0%

Guaranteed or Buy Down
Guar Buy
Down
Both Neither
169 51 117 50
19.81% 5.98% 13.72% 5.86%

Dollar Value Of Loan
Type of Loan Number of Loans Dollar Value of Loans % Loans % Dollars
Revolving Loans 466 $2,674,104 54.63% 34.88%
Partnership Loans 387 $4,991,418 45.37% 65.12%
Total 853 $7,665,522 100% 100%

Interest Rates
LOWEST 1%
HIEST 13.25%

Interest SUM Natl Average
3,135 3.68%

Interest Rates Range Table
Interest Rate Number of loans %
0.0% to 2.0% 154 18.05%
2.1% to 4.0% 309 36.23%
4.1% to 6.0% 340 39.86%
6.1% to 8.0% 09 1.06%
8.1% - 10.0% 14 1.64%
10.1%-12.0% 13 1.52%
12.1%-14.0% 00 0%
14.1% + 14 1.64%
Total 853 100%

Type & Dollar Amounts Of AT
Type of AT # of Devices Financed Device % Dollar Value of Loans Dollar % Ave Loan $
Vision 43 4.91% $107,241 1.4% $2,494
Hearing 350 39.95% $1,311,221 17.11% $3,746
Speech communication 00 0% $00 0% $00
Learning, cognition, and developmental 14 1.6% $6,250 0.08% $446
Mobility, seating and positioning 65 7.42% $287,048 3.74% $4,416
Daily living 44 5.02% $130,235 1.7% $2,960
Environmental adaptations 34 3.88% $238,897 3.12% $7,026
Vehicle modification and transportation 257 29.34% $5,512,541 71.91% $21,450
Computers and related 66 7.53% $46,034 0.6% $697
Recreation, sports, and leisure 03 0.34% $26,055 0.34% $8,685
Total 876 100% $7,665,522 100% $8,751

Defaults
Number Loans in default 158
Net loss for loans in default $855,776

Back to Aggregate APR Data page | Top of page

This national activity report was generated from FY17 State AT Program Annual Progress Report data from the National Assistive Technology Act Data System (NATADS). NATADS was developed with partial support from the Center for Assistive Technology Act Data Assistance.


Association of Assistive Technology Act Programs . Saved: Tue May 01 2018 10:37:31 GMT-0500 (Central Daylight Time)