Our Financial Loan Program provides truly unique and more accessible loans toward assistive technology.

AT Financial Loans and Leasing

Alternative Financing Services

LATAN’s Alternative Financing options make assistive technology more affordable and accessible.

To help residents of Louisiana with disabilities access the assistive technology they need, we offer two great services – the AT Lease Program and the Financial Loan Program. We designed these programs with the goal of making them more flexible and accessible. Furthermore, we want you to feel empowered and in control every step of the way, so we will guide you from start to finish through each program.

The AT Lease Program makes getting assistive technology for a longer term simpler and more affordable. With two distinct leasing options, zero interest monthly payments, and the ability to cancel at any time, our unique program helps you obtain the AT you need for as long as you need it.

The Financial Loan Program helps you get a loan toward more specialized or expensive assistive technology, such as home modifications and vehicle modifications. Our loans are low interest, have a fixed rate, and provide extended terms. You can qualify even with less than perfect credit.

For more information about our Alternative Financing Services, please call our Baton Rouge office at 225-925- 9500.

The AT Lease Program – A New Way to Pay

For many AT Users and their families, getting assistive technology is not always simple. Essential assistive technology can sometimes be too expensive and may only be needed for a few months. This can leave families with the trouble of keeping devices they may no longer need. Additionally, more people would be better able to get their assistive technology if they could pay for their devices over time instead of all at once. LATAN recognizes these issues, and we’ve developed a simple, affordable solution.

LATAN’s brand new AT Lease Program is unlike any other lease you’ve heard of. Our leases are zero interest, which means your payments remain affordable and never increase over time. Also, you can cancel your lease at any time with no penalty or cancellation fees. Our AT Lease Program gives you two great options to help make the assistive technology you need more affordable.

Traditional Lease – This lease option allows you to lease the assistive technology for 6 months at a time. You may renew the lease as many times as you need.

Here are some examples of how much you can save:
Portable Magnifier: $695 You pay $11.58 per month
Electronic Patient Lift: $1399 You pay $23.32 per month

Lease-to-own – This special option lets you own your leased items when the lease has been completed. Rather than purchasing a device outright, this option allows you to access the device now and pay for it over a term. You may choose the number of months (6,12,18, or 24) you wish to lease the items over.

You also have the option to transition from a traditional lease to the lease-to-own option, and your previous payments will apply to your lease-to-own rate.

Items: You can lease any assistive technology item valued between $150 and $20,000 that does not fall into the following categories: home modifications, vehicle modifications, modified vehicles, prescription/customized items. For those items, we recommend our Financial Loan Program.

Qualifications: To determine approval for a lease, we require proof of your monthly income and look at your monthly expenses.

To get started with our AT Lease Program, please contact our Baton Rouge office at info@latan.org, or by phone at 225-925-9500 and request an AT Lease Application.

The Financial Loan Program – Accessible loans for assistive technology (AT)

Assistive technology comes in a wide range of price points. More hi-tech, specialized equipment and modified vehicles can be tens of thousands of dollars. These prohibitively high costs limit who can get the AT they need. At LATAN we believe AT should be easier for people to access. So, we created a more flexible, accessible solution.

Our Financial Loan Program provides truly unique and more accessible loans toward assistive technology. We offer lower interest loans than you would find elsewhere. Additionally, we give you the option to extend your term, which can decrease your monthly payments. If you qualify, we can even guarantee your loan.

Items: Through the Financial Loan Program, you can get loans between $500 and $50,000 to put toward your assistive technology. These can be home modifications, customized/prescription devices and equipment, or even modified vehicles.

Qualifications: LATAN has partnered with Regions Bank to develop lending guidelines that allow individuals with disabilities with less than perfect credit qualify for a loan. You must, however, be able to demonstrate an ability to repay the loan as well as your creditworthiness.

To get started with our Financial Loan Program, please contact our Baton Rouge office at info@latan.org or by phone at 225-925-9500 and request a Financial Loan Application.

Financial Loan Program - FAQ

Q: Is this a loan or a grant?
A: This is a loan. You are expected to pay it back. Nonpayment of this loan will have the same consequences as nonpayment of any other loan.

Q: If I apply, am I going to get the loan?
A: Not necessarily. Merely applying for the loan does not guarantee you will get it. Your application will be reviewed under program guidelines and a decision will be made whether or not to approve your loan.

Q: How much can I borrow?
A: The LATAN AT Loan Program can loan between $500 and $50,000 depending on the equipment you need and your ability to repay the loan.

Q: What are the terms of the loan?
A: This will depend on the type of assistive technology you wish to purchase and the amount of money you seek to borrow. The loan rates are based upon the Federal Reserve’s prime lending rate, 1% or 2% above prime. Unsecured loan terms go up to 48 months. Loans on newer vehicles can go 72 to 84 months. Older vehicles will range between 48 and 60 months.

Q: How do I apply?
A: You must request a loan application either online or by phone, 225-925-9500 or 800-270-6185. The Loan Program will mail out an application to you.

Q: What do I do once I receive the application materials?
A: You need to complete and sign the applications, and compile all the documents and information listed on the checklist provided with the application. Once you have all these documents, return them to LATAN by mail.

Q: I want to buy an AT equipped vehicle. What documents do I need to put together?
A: First, you will need to complete the application package. In preparing your application, you will need to obtain a written quote from the vendor on the vehicle. If the vehicle is not already modified, you will need to obtain a written quote on the modifications also. You will need to obtain a quote from your insurance agent for full coverage on the vehicle being purchased. You will need to copy the front and back of your driver’s license. You will need a prescription from your doctor for the assistive technology for the vehicle. If another agency or organization will be covering some of the costs of the vehicle, you will need a written statement from them stating so.

Q: When will I know about my application?
A: You will generally know something within 5-7 business days of LATAN receiving your completed application package.

Q: If my application is approved, what happens next?
A: You will receive a call from a Regions Bank representative about closing the loan.

Q: If my application is denied by Regions Bank, what happens next?
A: At your request, your application will be reviewed by the LATAN Loan Review Committee to determine if you qualify under their rules. If you do, your application will be approved.

AT Demonstration Center                                         Business Office

10988 N Harrells Ferry Rd., Suite 5                            3042 Old Forge Dr., Suite D

Baton Rouge, LA 70816                                                Baton Rouge, LA 70808

LATAN is a 501(c)(3) statewide nonprofit organization with the mission to help people of all ages with functional limitations or disabilities to gain greater independence at work, home, or school through the use of Assistive Technology(AT).



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