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National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2022

Financial Loans
Programs Reported 34
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 532 69% 239 31% 771 67.99%
Approved Not made 77 69.37% 34 30.63% 111 9.79%
Rejected 166 65.87% 86 34.13% 252 22.22%
Total 775 359 1,134 100%

Income
Lowest Income: $4,800 Highest Income: $214,020

Average Income
Sum of Incomes Loans Made Average Annual Income
$36,240,241 771 $47,004

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		 123 16 191 25 135 18 113 15 66 09 143 19

Loan Type
Type of Loan Number of Loans Percentage of loans
Revolving Loans 534 69.26%
Partnership Loans
Without interest buy-down or loan guarantee 21 2.72%
With interest buy-down only 38 4.93%
With loan guarantee only 104 13.49%
With both interest buy-down and loan guarantee 74 9.6%
Total 771 100%

Partnership Interest Split
Low Interest Preferred Interest
237 00
30.74% 0%

Guaranteed or Buy Down
Guar Buy
Down		 Both Neither
104 38 74 21
13.49% 4.93% 9.6% 2.72%

Dollar Value Of Loan
Type of Loan Number of Loans Dollar Value of Loans % Loans % Dollars
Revolving Loans 534 $4,542,043 69.26% 61.45%
Partnership Loans 237 $2,849,586 30.74% 38.55%
Total 771 $7,391,629 100% 100%

Interest Rates
LOWEST 1%
HIGHEST 8.99%

Interest SUM Natl Average
3,238 4.2%

Interest Rates Range Table
Interest Rate Number of loans %
0.0% to 2.0% 101 13.1%
2.1% to 4.0% 178 23.09%
4.1% to 6.0% 480 62.26%
6.1% to 8.0% 08 1.04%
8.1% - 10.0% 04 0.52%
10.1%-12.0% 00 0%
12.1%-14.0% 00 0%
14.1% + 00 0%
Total 771 100%

Type & Dollar Amounts Of AT
Type of AT # of Devices Financed Device % Dollar Value of Loans Dollar % Ave Loan $
Vision 26 2.48% $73,364 0.99% $2,822
Hearing 578 55.1% $1,428,500 19.33% $2,471
Speech communication 03 0.29% $3,534 0.05% $1,178
Learning, cognition, and developmental 01 0.1% $120 0% $120
Mobility, seating and positioning 78 7.44% $455,769 6.17% $5,843
Daily living 71 6.77% $262,925 3.56% $3,703
Environmental adaptations 40 3.81% $307,286 4.16% $7,682
Vehicle modification and transportation 217 20.69% $4,760,852 64.41% $21,939
Computers and related 20 1.91% $26,252 0.36% $1,313
Recreation, sports, and leisure 15 1.43% $73,027 0.99% $4,868
Total 1,049 100% $7,391,629 100% $7,046

Defaults
Number Loans in default 66
Net loss for loans in default $276,541

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This national activity report was generated from FY22 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: Mar 07 2023 21:22:06 GMT-0600 (Central Standard Time)