PENNSYLVANIA ASSISTIVE TECHNOLOGY FOUNDATION (PATF)

Many people with disabilities and older Pennsylvanians need to make modifications to their homes or buy some equipment – an adapted vehicle, hearing aids, a scooter – but they don’t have the resources to make it happen. That’s how PATF can help.

At PATF, we are committed to providing our borrowers with low-interest loans so people can afford these devices and services that will help improve the quality of their lives.

PATF has two loan programs – one, for loan amounts up to $1,000; and a second, for loan amounts greater than $1,000. These are the basic details:

• For mini-loans that are from $100 to $1,000, the interest rate is 0% with a minimum monthly payment of $20. The maximum repayment period is three years.

  Along with a Mini-Loan, PATF may be able to offer a mini-grant of up to 50% of the loan request if the borrower meets the grant eligibility guidelines. Guidelines: the borrower must exhaust all other funding options, and must have a household income that is no greater than 150% of the federal poverty guidelines. For example, income not to exceed $16,245/yr. for a household of one. Also note: Currently, grants are not available for computer purchases.

• For low-interest loans that are greater than $1,000, the interest rate is 4.5%. If a borrower has good credit, then his or her loan request may be approved as a traditional loan and the loan can be for up to $60,000. The repayment period for the loan will be based upon the useful life of the device.

  If, however, there are credit problems, the Bank will request that the PATF Board of Directors guarantee the loan. If the Board agrees to do so, the maximum amount a person may borrow is $25,000. Similar to a traditional loan, the repayment terms will be based upon the useful life of the device.

Who does PATF serve?

• PATF is a program for Pennsylvania residents who need assistive technology devices and/or services.
• PATF can help people of all ages, disabilities and health conditions.
• People of all income levels may apply for a loan. An applicant must have an ability and willingness to repay a loan.