Loan Application - Alternative Financing Program is a legal document that was released by the Arkansas Department of Labor and Licensing - Division of Workforce Services - a government authority operating within Arkansas.
Q: What is the Alternative Financing Program?
A: The Alternative Financing Program is a loan program in Arkansas.
Q: Who is eligible for the Alternative Financing Program?
A: Individuals with disabilities living in Arkansas are eligible for the program.
Q: What can the loan be used for?
A: The loan can be used to purchase assistive technology or make accessibility modifications.
Q: How much can I borrow through the Alternative Financing Program?
A: The maximum loan amount is $25,000.
Q: What is the interest rate for the loan?
A: The interest rate for the loan is fixed at 5%.
Q: What is the repayment term for the loan?
A: The repayment term can be up to 10 years.
Q: Do I need collateral for the loan?
A: No collateral is required for the loan.
Q: Is there an application fee?
A: Yes, there is a non-refundable application fee of $25.
Q: Is there a credit check for the loan?
A: Yes, a credit check is required as part of the application process.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Department of Labor and Licensing - Division of Workforce Services.