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National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2021

Financial Loans
Programs Reported 33
States New Loans 29

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 563 70.73% 233 29.27% 796 60.44%
Approved Not made 84 65.63% 44 34.38% 128 9.72%
Rejected 281 71.5% 112 28.5% 393 29.84%
Total 928 389 1,317 100%

Income
Lowest Income: $1,098 Highest Income: $312,000

Average Income
Sum of Incomes Loans Made Average Annual Income
$38,877,530 796 $48,841

Loans By Income Range
$15,000 or less % $15,001
$30,000		 % $30,001
$45,0000		 % $45,001
$60,000		 % $60,001
$75,000		 % $75,001
or More		 %
Loans
Made		 111 14 165 21 166 21 131 16 85 11 138 17

Loan Type
Type of Loan Number of Loans Percentage of loans
Revolving Loans 530 66.58%
Partnership Loans
Without interest buy-down or loan guarantee 14 1.76%
With interest buy-down only 81 10.18%
With loan guarantee only 90 11.31%
With both interest buy-down and loan guarantee 81 10.18%
Total 796 100%

Partnership Interest Split
Low Interest Preferred Interest
266 00
33.42% 0%

Guaranteed or Buy Down
Guar Buy
Down		 Both Neither
90 81 81 14
11.31% 10.18% 10.18% 1.76%

Dollar Value Of Loan
Type of Loan Number of Loans Dollar Value of Loans % Loans % Dollars
Revolving Loans 530 $4,907,857 66.58% 58.26%
Partnership Loans 266 $3,515,483 33.42% 41.74%
Total 796 $8,423,340 100% 100%

Interest Rates
LOWEST 1%
HIGHEST 9%

Interest SUM Natl Average
3,334 4.19%

Interest Rates Range Table
Interest Rate Number of loans %
0.0% to 2.0% 109 13.69%
2.1% to 4.0% 183 22.99%
4.1% to 6.0% 488 61.31%
6.1% to 8.0% 15 1.88%
8.1% - 10.0% 01 0.13%
10.1%-12.0% 00 0%
12.1%-14.0% 00 0%
14.1% + 00 0%
Total 796 100%

Type & Dollar Amounts Of AT
Type of AT # of Devices Financed Device % Dollar Value of Loans Dollar % Ave Loan $
Vision 33 3.04% $90,046 1.07% $2,729
Hearing 610 56.22% $1,546,689 18.36% $2,536
Speech communication 04 0.37% $2,397 0.03% $599
Learning, cognition, and developmental 01 0.09% $1,000 0.01% $1,000
Mobility, seating and positioning 60 5.53% $479,118 5.69% $7,985
Daily living 69 6.36% $259,179 3.08% $3,756
Environmental adaptations 38 3.5% $348,876 4.14% $9,181
Vehicle modification and transportation 248 22.86% $5,630,534 66.84% $22,704
Computers and related 14 1.29% $13,479 0.16% $963
Recreation, sports, and leisure 08 0.74% $52,022 0.62% $6,503
Total 1,085 100% $8,423,340 100% $7,763

Defaults
Number Loans in default 72
Net loss for loans in default $269,549

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This national activity report was generated from FY21State 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 Mar 07 2022 10:10:38 GMT-0600 (Central Standard Time)