National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2020

Financial Loans
Programs Reported 35
States New Loans 30

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 562 70.69% 233 29.31% 795 59.02%
Approved Not made 114 67.06% 56 32.94% 170 12.62%
Rejected 284 74.35% 98 25.65% 382 28.36%
Total 960 387 1,347 100%

Income
Lowest Income: $2,500 Highest Income: $287,280

Average Income
Sum of Incomes Loans Made Average Annual Income
$38,432,698 795 $48,343

Loans By Income Range
$15K % $15K
$20K
% $15K
$20K
% $25K
$30K
% $30K
$35K
% $35,001
or More
%
Loans
Made
133 17 181 23 134 17 117 15 82 10 148 19

Loan Type
Type of Loan Number of Loans Percentage of loans
Revolving Loans 493 62.01%
Partnership Loans
Without interest buy-down or loan guarantee 23 2.89%
With interest buy-down only 60 7.55%
With loan guarantee only 99 12.45%
With both interest buy-down and loan guarantee 120 15.09%
Total 795 100%

Partnership Interest Split
Low Interest Preferred Interest
302 00
37.99% 0%

Guaranteed or Buy Down
Guar Buy
Down
Both Neither
99 60 120 23
12.45% 7.55% 15.09% 2.89%

Dollar Value Of Loan
Type of Loan Number of Loans Dollar Value of Loans % Loans % Dollars
Revolving Loans 493 $3,036,048 62.01% 47.64%
Partnership Loans 302 $3,337,043 37.99% 52.36%
Total 795 $6,373,091 100% 100%

Interest Rates
LOWEST 1%
HIGHEST 14.25%

Interest SUM Natl Average
3,274 4.12%

Interest Rates Range Table
Interest Rate Number of loans %
0.0% to 2.0% 84 10.57%
2.1% to 4.0% 211 26.54%
4.1% to 6.0% 484 60.88%
6.1% to 8.0% 10 1.26%
8.1% - 10.0% 05 0.63%
10.1%-12.0% 00 0%
12.1%-14.0% 00 0%
14.1% + 01 0.13%
Total 795 100%

Type & Dollar Amounts Of AT
Type of AT # of Devices Financed Device % Dollar Value of Loans Dollar % Ave Loan $
Vision 33 3.34% $71,924 1.13% $2,180
Hearing 551 55.83% $1,547,378 24.28% $2,808
Speech communication 12 1.22% $39,227 0.62% $3,269
Learning, cognition, and developmental 03 0.3% $29,280 0.46% $9,760
Mobility, seating and positioning 78 7.9% $310,124 4.87% $3,976
Daily living 51 5.17% $278,173 4.36% $5,454
Environmental adaptations 36 3.65% $281,804 4.42% $7,828
Vehicle modification and transportation 186 18.84% $3,710,736 58.23% $19,950
Computers and related 27 2.74% $27,852 0.44% $1,032
Recreation, sports, and leisure 10 1.01% $76,593 1.2% $7,659
Total 987 100% $6,373,091 100% $6,457

Defaults
Number Loans in default 85
Net loss for loans in default $208,327

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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: Mon Feb 22 2021 16:13:17 GMT-0600 (Central Standard Time)