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National Assistive Technology Act Data System

State Data Summary - Financial Loan

All States Included. Fiscal Year: 2023

Financial Loans
Programs Reported 34
States New Loans 28

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 549 71.67% 217 28.33% 766 62.28%
Approved Not made 95 82.61% 20 17.39% 115 9.35%
Rejected 241 69.05% 108 30.95% 349 28.37%
Total 885 345 1,230 100%

Income
Lowest Income: $1,790 Highest Income: $696,000

Average Income
Sum of Incomes Loans Made Average Annual Income
$45,257,611 766 $59,083

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		 105 14 156 20 140 18 98 13 71 09 196 26

Loan Type
Type of Loan Number of Loans Percentage of loans
Revolving Loans 538 70.23%
Partnership Loans
Without interest buy-down or loan guarantee 31 4.05%
With interest buy-down only 32 4.18%
With loan guarantee only 97 12.66%
With both interest buy-down and loan guarantee 68 8.88%
Total 766 100%

Partnership Interest Split
Low Interest Preferred Interest
228 00
29.77% 0%

Guaranteed or Buy Down
Guar Buy
Down		 Both Neither
97 32 68 31
12.66% 4.18% 8.88% 4.05%

Dollar Value Of Loan
Type of Loan Number of Loans Dollar Value of Loans % Loans % Dollars
Revolving Loans 538 $6,364,572 70.23% 57.85%
Partnership Loans 228 $4,637,176 29.77% 42.15%
Total 766 $11,001,748 100% 100%

Interest Rates
LOWEST 1%
HIGHEST 9.25%

Interest SUM Natl Average
3,254 4.25%

Interest Rates Range Table
Interest Rate Number of loans %
0.0% to 2.0% 74 9.66%
2.1% to 4.0% 209 27.28%
4.1% to 6.0% 461 60.18%
6.1% to 8.0% 17 2.22%
8.1% - 10.0% 05 0.65%
10.1%-12.0% 00 0%
12.1%-14.0% 00 0%
14.1% + 00 0%
Total 766 100%

Type & Dollar Amounts Of AT
Type of AT # of Devices Financed Device % Dollar Value of Loans Dollar % Ave Loan $
Vision 17 1.67% $49,970 0.45% $2,939
Hearing 511 50.3% $1,358,553 12.35% $2,659
Speech communication 04 0.39% $16,115 0.15% $4,029
Learning, cognition, and developmental 02 0.2% $10,100 0.09% $5,050
Mobility, seating and positioning 77 7.58% $416,298 3.78% $5,406
Daily living 61 6% $177,213 1.61% $2,905
Environmental adaptations 36 3.54% $309,050 2.81% $8,585
Vehicle modification and transportation 282 27.76% $8,622,604 78.37% $30,577
Computers and related 22 2.17% $17,058 0.16% $775
Recreation, sports, and leisure 04 0.39% $24,787 0.23% $6,197
Total 1,016 100% $11,001,748 100% $10,828

Defaults
Number Loans in default 85
Net loss for loans in default $332,954

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This national activity report was generated from FY23 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: Tue Feb 13 2024 09:22:46 GMT-0600 (Central Standard Time)