The Kentucky Assistive Technology Loan Corporation provides low interest loans for the purchase of assistive technology equipment and services for Kentuckians with disabilities to pursue education obtain/maintain employment and improve their quality of life. Working with Fifth Third Bank of Kentucky, the Corporation provides loans from $500 to $25,000 to individuals at a low fixed rate. The current KATLC rate is at 4.5% (as of July, 2008 - Valid through June 30, 2010) compared to the current prime lending rate of 5.0% (as of April 30, 2008). The program is primarily intended for individuals who may not qualify for traditional loan programs
Submit a completed application to KATLC at the address listed below. Applications can be obtained from the KATLC website or by calling the number listed below. Verification of disability, an itemized price quote, and proof of income must be provided with the completed application. The applicant may also supply other documentation, such as an assistive technology assessment, that will support the need for assistive technology. KATLC will determine eligibility based on disability and the nature of the assistive technology being requested. Fifth Third Bank will determine financial eligibility.
KATLC loans can be used in conjunction with a PASS (see pg 38 for more information about PASS), where the KATLC loan is used to purchase AT equipment needed to obtain/maintain employment and the PASS is in turn used to pay back the loan.
Nonprofit organizations that provide AT services to individuals with disabilities may qualify also for a loan. The purpose of the loan must be for the acquisition of assistive technology that will be used by an individual with a disability.
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KATS Network Coordinating Center
Charles McDowell Center
8412 Westport Road
Louisville, KY 40242
Local: (502) 429-4484
Toll Free: (800) 327-5287
Fax: (502) 429-7114