South Carolina Assistive Technology
Loan Program
The Assistive Technology Loan Program is a state and federally funded program that helps qualified South Carolinians with disabilities obtain the assistive devices and services they need to become more independent and productive citizens.
It provides loan guarantees for people with disabilities to purchase equipment and services that will enable them to reach their full potential in the workplace and the community.
Access to the program is provided regardless of disability, age, income level, location of residence within the state or type of assistive technology device or services for which financing is requested.
Who can apply?
People with disabilities, their families or friends on behalf of the individual with a disability can apply for an assistive technology loan.
How do I qualify for a loan?
You must have the ability to repay the loan. The program will look at your income compared to your debt, stability in your residence and/or job, and credit history.
Some applicants will not qualify. However, the criteria for the loan program’s guarantee guidelines are much less stringent than those used by most banks. This will enable many people to get loans who otherwise would not qualify.
What type of equipment can I purchase?
The program will facilitate loans to purchase a broad range of assistive devices, including but not limited to:
- Wheelchairs
- Motorized Scooters
- Braille equipment
- Scanners
- Hearing and vision aids
- Telecommunications devices for the deaf
- Augmentative communication systems
- Environmental control units
- Computers and adaptive peripherals
- Building modifications for accessibility
- Motor vehicles and vehicle modifications
- Many other devices
How long does it take to approve a loan?
Loan decisions are made as quickly as possible. Once a completed application is received, it is sent to the lender to obtain a credit report.
The application then is forwarded to an independent review panel within three to four days. The panel will make its decision after reviewing the application. Applicants are notified as soon as the decision is made.
How much can I borrow?
Individuals may borrow up to $30,000.
What are the interest rate and repayment terms?
Interest rates vary depending on the collateral, but generally are below market rates.
Terms may range from one to seven years, depending on the loan.
How do I apply?
Contact the loan program to have an application mailed or faxed to you.
S.C. Assistive Technology Loan ProgramP.O. Box 280243
West Columbia, SC 29228
For more information, contact:
Timothy B. Russell
803-896-6349
Leslie Shipp
803-896-4553
866-247-8354 (toll free) • Email us