National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2019

Financial Loans

Programs Reported

States New Loans

Financial Loans By Area
Number of Applications	Area of Residence				Total
Number of Applications	Metro RUCC 1-3	% Metro	Non-Metro RUCC 4-9	% Non-Metro	N	%
Approved Loan made	649	68.68%	296	31.32%	945	60.15%
Approved Not made	86	68.8%	39	31.2%	125	7.96%
Rejected	309	61.68%	192	38.32%	501	31.89%
Total	1,044		527		1,571	100%

Income
Lowest Income:	$6,000	Highest Income:	$258,000

Average Income
Sum of Incomes	Loans Made	Average Annual Income
$46,877,750	945	$49,606

Loans By Income Range
	$15K	%	$15K $20K	%	$15K $20K	%	$25K $30K	%	$30K $35K	%	$35,001 or More	%
Loans Made	145	15	216	23	181	19	131	14	87	09	185	20

Loan Type
Type of Loan	Number of Loans	Percentage of loans
Revolving Loans	613	64.87%
Partnership Loans
Without interest buy-down or loan guarantee	25	2.65%
With interest buy-down only	45	4.76%
With loan guarantee only	130	13.76%
With both interest buy-down and loan guarantee	132	13.97%
Total	945	100%

Partnership Interest Split
Low Interest	Preferred Interest
332	00
35.13%	0%

Guaranteed or Buy Down
Guar	Buy Down	Both	Neither
130	45	132	25
13.76%	4.76%	13.97%	2.65%

Dollar Value Of Loan
Type of Loan	Number of Loans	Dollar Value of Loans	% Loans	% Dollars
Revolving Loans	613	$3,579,010	64.87%	41.95%
Partnership Loans	332	$4,953,511	35.13%	58.05%
Total	945	$8,532,521	100%	100%

Interest Rates
LOWEST	1%
HIGHEST	14.25%

Interest SUM	Natl Average
4,060	4.3%

Interest Rates Range Table
Interest Rate	Number of loans	%
0.0% to 2.0%	36	3.81%
2.1% to 4.0%	318	33.65%
4.1% to 6.0%	568	60.11%
6.1% to 8.0%	10	1.06%
8.1% - 10.0%	08	0.85%
10.1%-12.0%	00	0%
12.1%-14.0%	00	0%
14.1% +	05	0.53%
Total	945	100%

Type & Dollar Amounts Of AT
Type of AT	# of Devices Financed	Device %	Dollar Value of Loans	Dollar %	Ave Loan $
Vision	28	2.87%	$65,441	0.77%	$2,337
Hearing	475	48.72%	$1,930,580	22.63%	$4,064
Speech communication	00	0%	$00	0%	$00
Learning, cognition, and developmental	09	0.92%	$29,405	0.34%	$3,267
Mobility, seating and positioning	59	6.05%	$245,794	2.88%	$4,166
Daily living	56	5.74%	$173,687	2.04%	$3,102
Environmental adaptations	38	3.9%	$326,778	3.83%	$8,599
Vehicle modification and transportation	271	27.79%	$5,577,157	65.36%	$20,580
Computers and related	23	2.36%	$20,006	0.23%	$870
Recreation, sports, and leisure	16	1.64%	$163,673	1.92%	$10,230
Total	975	100%	$8,532,521	100%	$8,751

Defaults
Number Loans in default	48
Net loss for loans in default	$193,149

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This national activity report was generated from FY19 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.

Center for Assistive Technology Act Data Assistance . Saved: Thu Jan 16 2020 10:00:11 GMT-0600 (Central Standard Time)