Arkansas Residents Acts 384 of 1993 and 579 of 1995 established a statewide Technology Equipment Revolving Loan Fund in Arkansas for persons with disabilities. These loans are for purchasing adaptive equipment and related services to enable persons with disabilities to live independently in their homes, go to school, work and have access to the community. Businesses and non-profit organizations can apply for a loan to improve access to their buildings and services that will be used by persons with disabilities. This adaptive equipment or related service for access will allow them to comply with the Americans With Disabilities Act. The Technology Revolving Loan Fund is an affordable way to commercial financing.
Interest rates are lower than the average rate.
Loans are based on the borrower's monthly income and expenses. Loans are made for an extended period up to five years and a down payment is not required. Borrowers must show they can pay back their loans and that the adaptive equipment will benefit at least one or more persons with a disability. As loans are paid back, money becomes available for other borrowers. The Technology Revolving Loan Fund is administered by Arkansas Rehabilitation Services.