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Financial Loans for Assistive Technology

OkAT and Financial Loan Program logoOklahoma ABLE Tech, in partnership with Oklahoma Assistive Technology Foundation and BancFirst of Stillwater, has been providing financial loans to purchase assistive technology (AT) since 2001. These loans have been primarily managed through our banking partner, BancFirst of Stillwater.

Beginning July 1, 2018, we will process all non-collateralized loans directly from our office. We believe this will ultimately make our program more sustainable, and still benefit the consumer in purchasing needed AT. We will be reaching out to our customers' service providers in the next few months to provide new marketing materials, information fact sheets, and a streamlined application.

You can access the application by following this link: Financial Loan Application. Instructions on where and how to submit an application are included in the application packet, but if you have any questions or concerns about the process, you can contact us directly at 405-744-4254 or 800-257-1705.

If you would like marketing materials to place in your office, please feel free to request those and we will supply you with them.

Learn More graphicWant more Information about the Financial Loan Program?

Want to learn more about the Financial Loan Program with ABLE Tech and OkAT Foundation? Join us for a series of Question and Answer webinars offered on four dates through December and January. You will learn more about what qualifies for a financial loan, the application process, expectations, and ways you can help your client expedite the process.

Our Financial Loans offer a financial solution to purchase assistive technology with features that include:

  • No closing or application fee,
  • a fixed 5% interest rate regardless of income,
  • flexible repayment terms, and
  • special board consideration for special qualifying applicants.

Choose one from any of the four dates scheduled and RSVP to shelley.gladden@okstate.edu. Once you RSVP with the date, you will be sent a direct link to the webinar. Here is a PDF if you wish to download it.

Scheduled dates and webinar times are: December 11th, December 18th, January 15th, and January 29th. All at 4:00 pm.

FDIC: Protect Your Money from Scams

Holiday Scam AlertDuring the holiday season, we tend to make a lot more purchases online for travel and gifts, so it’s especially important to be vigilant about protecting your money. In FDIC Consumer News, you can learn ways to protect yourself during Holiday Shopping – read more here: https://www.fdic.gov/consumers/consumer/news/november2018.pdf

For more help or information, go to www.fdic.gov or call the FDIC toll-free at 1-877-ASK-FDIC
(1-877-275-3342). Please send your story ideas or comments to Consumer Affairs at consumeraffairsmailbox@fdic.gov

Highlight on Success: John B. Gets His Dream Truck!

John B and his TruckJohn is 26 years old from Tulsa, Oklahoma. He first became familiar with ABLE Tech in 2014 when he and his mother, as a co-signer, used the financial loan program to purchase a modified vehicle for transportation. John has a diagnosis of Cerebral Palsy and was using a non-modified vehicle for transportation and relying on his parents for transferring in and out of the car for trips outside of the house. He had no credit history, but with the loan program he was able to get pre-qualified and purchased a 2006 Dodge Caravan. During this time, he was able to make all loan payments, requiring only one rescue payment when he had a mix up with his disability check, with was agreed upon and repaid in a timely manner.

Fast forward to 2018, and John was due for an upgrade. He re-applied through the financial loan program by himself and thanks to his successful repayment, he not only qualified for a loan by himself, but he had improved his credit score from no score, to a score 655, which put him in a great position to purchase a vehicle. He was able to purchase his “dream truck” – a 2008 Chevrolet 1500 Pickup.

“I try to be an active individual and enjoy many of the same activities as others my age, however, my previous vehicle drug on everything, especially speed bumps, and made it difficult to get to many places I wish to go and enjoy the Oklahoma back roads.” - John B.

Click here to see more Financial Loan success stories


Oklahoma ABLE Tech is the statewide Assistive Technology Act Program proudly located at Oklahoma State University in the Department of Wellness. ABLE Tech's mission is to improve access to and acquisition of assistive technology (AT) for individuals with disabilities of all ages. We offer AT demonstrations, short term loans of AT, financial loans to purchase AT, and recycling AT programs.


Oklahoma ABLE Tech
Oklahoma State University | Department of Wellness
1514 W. Hall of Fame | Stillwater, OK 74078
800.257.1705 (V/TTY)

 

Past issues of OkAT's Financial eNews

Summer 2018
Spring 2018
Winter 2017
Summer 2017
Spring 2017

Words from our borrowers:

Jeffrey L, Norman, OK
AT purchased: 
Hand controls for vehicle
Purpose: Community Living
“This was the only way I would be able to get the equipment and be able to pay it out over time and not all up front. This equipment gets me mobile again. I don’t have to rely on my aging mother to take me everywhere from doctor appointments, to the store, or over to other people’s homes and social activities.

Jacfus P., Tulsa, OK
AT purchased: 
Wheelchair lift for vehicle
Purpose: Community Living
“I chose to use this loan program because everyone was so helpful in helping me get the loan…. The device was very helpful to me to get around, continue to go to church, go to the store, shop, go to the doctor’s office and more. Thank you for being so helpful.”

Chris C., Shawnee, OK
AT purchased:
 Hearing aids
Purpose:
 Employment
"I have insurance and they paid a portion of the hearing aids, but this was the only reasonable option to pay for non-insurance covered portion of the hearing aids. It was a simple application and credit check, all very timely… I can now hear people talking in big crowds again, I can hear my co-workers better at my work, which is very loud. The hearing aids are also helping address my tinnitus in both ears.”

Peggy B., Sulphur, OK
AT purchased: 
Hearing aids
Purpose: Community Living
“I didn’t qualify for the program. If I did qualify, they only give one hearing aid and I needed two. I can now hear – Thank you!”

Juanita H., Shawnee, OK
AT purchased: Hearing aids
Purpose: 
Community Living
“We are in our 80’s and live on a fixed income. Low interest means payments will be low…. I was unable to hear conversations, but I just got my new hearing aids and I am hearing better. AS I become accustomed to them I know it will improve my quality of life.”

Julia F., Shawnee, OK
AT purchased: Hearing aids
Purpose: Employment
“I could not afford to pay for the hearing aids on my own… my audiologist told me about the financial loan program… The hearing aids have allowed me to hear the speakers more clearly during meetings at school. I can also carry on a more normal conversation without having to ask the person to repeat themselves.

James H., Sapulpa, OK
AT purchased: Hearing aids
Purpose: 
Community Living
“I could not get a hearing aid any other way. I am now able to talk to people again, instead of being withdrawn. I can hear and understand people now, where as before, I didn’t talk much and couldn’t understand people.”