Financial Loan

MonTECH’s Assistive Technology Financial Loan Program assists Montanans with disabilities or their supports in obtaining assistive technology equipment to promote independence in family, community, school, recreation and work activities. Eligible assistive technology equipment may include but is not limited to: devices for hearing, vision, and communication; computers and software; wheelchairs, scooters and mobility systems; electronic aids for daily living; recreational devices and modifications; and home modifications. Although we are unable to make loans for the entire purchase of a new or used vehicle, we can make loans for vehicle modifications such as hand controls and may consider a loan for that portion of a vehicle purchase that is equal to the value of its modifications.

This financial loan program is designed to be an alternative source of funding for assistive technology devices for individuals who may not be eligible for funding from other sources or who choose to take personal responsibility for the costs of their assistive technology. It is not a requirement of this financial loan program that applicants seek funding elsewhere prior to applying for a loan. However, it may be to an individual's financial advantage to first explore alternative sources of funding. Full or partial funding for assistive technology may be available through another program such as Medicaid/Medicare, Veteran's Administration, Vocational Rehabilitation, Worker's Compensation, Indian Health Service, a school district, private insurance, and/or a community organization.

MonTECH has a partnership with Community Bank-Missoula to provide this financial loan program. Loans are available for eligible Montana residents or military personnel and their families who are stationed in Montana. This program offers an interest rate equal to the prime rate in effect at the time the loan is made. By maintaining funds on deposit to guarantee otherwise unsecured loans, the program also offers an opportunity to individuals who might not otherwise qualify for traditional loan programs. MonTECH has allocated approximately $250,000 to the program to serve as guarantee funds for individuals who would not otherwise qualify for a loan. Collateral and the amount of any needed guarantee will be determined by MonTECH and Community Bank-Missoula on a loan-by-loan basis. The equipment being purchased may be used as partial collateral.

Interested individuals should contact us for more information.

 

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