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National Assistive Technology Act Data System
State Data Summary - Financial Loan
All States Included. Fiscal Year: 2024
| Programs Reported | 33 |
|---|---|
| States New Loans | 27 |
| Number of Applications | Area of Residence | Total | ||||
|---|---|---|---|---|---|---|
| Metro RUCC 1-3 |
% Metro | Non-Metro RUCC 4-9 |
% Non-Metro | N | % | |
| Approved Loan made | 463 | 63.69% | 264 | 36.31% | 727 | 60.89% |
| Approved Not made | 81 | 72.97% | 30 | 27.03% | 111 | 9.3% |
| Rejected | 228 | 64.04% | 128 | 35.96% | 356 | 29.82% |
| Total | 772 | 422 | 1,194 | 100% | ||
| Lowest Income: | $432 | Highest Income: | $333,626 |
|---|
| Sum of Incomes | Loans Made | Average Annual Income |
|---|---|---|
| $44,097,766 | 727 | $60,657 |
| $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 |
82 | 11 | 131 | 18 | 118 | 16 | 93 | 13 | 85 | 12 | 218 | 30 |
| Type of Loan | Number of Loans | Percentage of loans |
|---|---|---|
| Revolving Loans | 519 | 71.39% |
| Partnership Loans | ||
| Without interest buy-down or loan guarantee | 12 | 1.65% |
| With interest buy-down only | 28 | 3.85% |
| With loan guarantee only | 89 | 12.24% |
| With both interest buy-down and loan guarantee | 79 | 10.87% |
| Total | 727 | 100% |
| Low Interest | Preferred Interest |
|---|---|
| 208 | 00 |
| 28.61% | 0% |
| Guar | Buy Down |
Both | Neither |
|---|---|---|---|
| 89 | 28 | 79 | 12 |
| 12.24% | 3.85% | 10.87% | 1.65% |
| Type of Loan | Number of Loans | Dollar Value of Loans | % Loans | % Dollars |
|---|---|---|---|---|
| Revolving Loans | 519 | $6,765,285 | 71.39% | 59.11% |
| Partnership Loans | 208 | $4,680,178 | 28.61% | 40.89% |
| Total | 727 | $11,445,463 | 100% | 100% |
| LOWEST | 1% |
|---|---|
| HIGHEST | 10% |
| Interest SUM | Natl Average |
|---|---|
| 2,679 | 3.69% |
| Interest Rate | Number of loans | % |
|---|---|---|
| 0.0% to 2.0% | 145 | 19.94% |
| 2.1% to 4.0% | 190 | 26.13% |
| 4.1% to 6.0% | 306 | 42.09% |
| 6.1% to 8.0% | 77 | 10.59% |
| 8.1% - 10.0% | 09 | 1.24% |
| 10.1%-12.0% | 00 | 0% |
| 12.1%-14.0% | 00 | 0% |
| 14.1% + | 00 | 0% |
| Total | 727 | 100% |
| Type of AT | # of Devices Financed | Device % | Dollar Value of Loans | Dollar % | Ave Loan $ |
|---|---|---|---|---|---|
| Vision | 21 | 2.32% | $105,523 | 0.92% | $5,025 |
| Hearing | 443 | 48.9% | $1,321,401 | 11.55% | $2,983 |
| Speech communication | 02 | 0.22% | $6,203 | 0.05% | $3,102 |
| Learning, cognition, and developmental | 01 | 0.11% | $997 | 0.01% | $997 |
| Mobility, seating and positioning | 63 | 6.95% | $374,918 | 3.28% | $5,951 |
| Daily living | 45 | 4.97% | $226,391 | 1.98% | $5,031 |
| Environmental adaptations | 32 | 3.53% | $390,882 | 3.42% | $12,215 |
| Vehicle modification and transportation | 284 | 31.35% | $8,976,098 | 78.42% | $31,606 |
| Computers and related | 13 | 1.43% | $16,509 | 0.14% | $1,270 |
| Recreation, sports, and leisure | 02 | 0.22% | $26,541 | 0.23% | $13,271 |
| Total | 906 | 100% | $11,445,463 | 100% | $12,633 |
| Number Loans in default | 101 |
|---|---|
| Net loss for loans in default | $411,182 |