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Able Tech

Alternative Financing Programs

Oklahoma ABLE Tech in partnership with the Oklahoma Assistive Technology Foundation (OkAT), who in turn contracts with BancFirst, offers statewide an Alternative Financing Program (AFP) and an Access to Telework Fund Program (ATF) to Oklahomans with disabilities. Oklahoma ABLE Tech is one of 26 states to receive funding from the US Department of Education, National Institute on Disability and Rehabilitation Research (NIDRR) to operate a low interest loan program called the Alternative Financing Program or AFP. In addition, ABLE Tech is one of 20 states to receive funding from the US Department of Education, Rehabilitation Services Agency (RSA) to operate an Access to Telework Program or ATF.

Both programs offer a low interest and/or low interest guaranty bank loan that provides Oklahomans with disabilities the opportunity to borrow money for the purchase of needed assistive technology, computers and other adaptive equipment. Both loan programs will be administered through a partnership with ABLE Tech, BancFirst of Stillwater and the Oklahoma Assistive Technology Foundation or OkAT. Both the AFP and ATF loan programs provide a mechanism for persons who do not qualify for a low interest loan through BancFirst, to request a financial review by OkAT to co-sign or guarantee a loan. Under its own established loan criteria, OkAT determines the loan applicant's ability to make the monthly payments. The interest rate charged to the borrower on the low interest loan is 2% above the Wall Street Journal Daily Prime Interest Rate for an extended term up to 5 years. ABLE Tech has managed a very successful AFP program since the fall of 2001. For more information contact Oklahoma ABLE Tech toll free at 1-888-885-5588.

Do you need to buy special equipment or technology due to a disability? Do you need a loan to make the purchase? Then you may need one of two low interest alternative financing programs.

Alternative Financing Program- assists Oklahomans with disabilities to qualify for low interest loans to buy needed assistive technology that help them live, work and learn more independently. BancFirst Brochure

Access to Telework Fund Program- new loan program for individuals who qualify to receive a low interest loan or a guaranty loan to Oklahomans with disabilities who would like an employment outcome.


Oklahoma ABLE Tech Activity and Funding Report

 

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