The CARE Loan Program secures bank loans for individuals with disabilities to by aP68V1sd

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									TITLE III ALTERNATIVE FINANCING PROGRAM PROFILE: NEVADA

Lead Agency: Department of Health & Human Services—Aging and Disability Services
Division
Community Based Organization: CARE Chest of Sierra Nevada
Lender: Nevada State Bank and First Independent Bank of Nevada
Program Title: CARE Loan Program

Overview
The CARE Loan is a statewide financial loan program to help people with disabilities
purchase AT devices, modify homes or vehicles as needed. The loan program is a
partnership between the Nevada Assistive Technology Collaborative, CARE Chest (a
nonprofit agency), and Nevada State Bank and First Independent Bank of Nevada. The
CARE Loan Program secures bank loans for individuals with disabilities to purchase
assistive technology devices that make living independently easier, such as van and
home modifications, specialized computer devices, speech and hearing aids and more.
The loans are offered at lower interest rates and often for more years than a typical
bank loan—thus making the loans more affordable.

Products
The CARE Loan offers guaranteed loans, which can go up to $20,000. Repayment
terms are flexible; loan terms can extend over seven years. The program expects to
expand and provide in-house lending for lower cost AT.

Services
The loan program staff work closely with CARE Chest's AT recycled Durable Medical
Equipment loan program, often identifying devices and equipment that can be used, so
that a financial loan is not needed. Staff coordinates with other agencies that provide
AT, such as AT for IL, which is housed at the CARE Chest of Sierra Nevada in northern
Nevada, and Rebuilding All Goals Efficiently in southern Nevada.

								
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