1. Overview of Telework Loan Program

2. New Freedom Initiative Established Telework Loan Program Grants FY 2003 – 20 states received grants providing almost $22 million in loan capital Purpose – to provide loans to purchase Business Equipment

3. Structure of Telework Loan Programs State Agency – oversight of program Community Based Organization – administration of program, day to day operations, people with disabilities making decisions Lender

4. Changes to Program since 2003 Initially only for equipment for teleworking – working from home for an employee, limited self-employment RSA 2007 Technical Assistance Circular – broadened scope to specifically include loans for Self-Employment

5. Current Loan Programs in 19 States Arizona, Delaware, Florida, Guam, Illinois, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, South Carolina, Utah, Virginia, Washington, and Wisconsin

6. Telework Loans – Each State is Different Types of Loans – revolving, guaranteed, interest rate buy down Range of Loans - $500 - $50,000 Interest Rates – 5% - 8% Terms – 1 – 5 years and longer

7. Types of Business Equipment Purchased Communication Equipment Computer Equipment and Related Software Home/Office Modifications Office Furniture and Equipment Tools of the Trade Vehicles

8. Programs also Provide Loans for Assistive Technology AFP Grants FY 2000 – FY 2006 – 33 states Similar structure as Telework Loans Programs Consumer Loans for Assistive Technology FY 2007: Over 1,300 loans - over $17.3 million In 7 years: Over 6,300 loans - almost $71 million

9. Oklahoma’s ATF 5% Fixed interest rate – a buy down from 2% over prime Maximum term for non guarantee loans is 36 months Maximum term for guarantee loans is 60 months $25.00 documentation fee at the time of closing which can be part of the loan

10. How to Apply Contact ABLE Tech Complete ATF application – 1 page Provide proof of disability Complete BancFirst Credit Application Sign Release of Information

11. If Bank Denies Loan OkAT can approve if the applicant can make the monthly payment OkAT will approve a loan if the monthly payment is part of an approved Plan for Achieving Self Support (PASS) If the individual needs potential earned income to make the monthly payment they will need to complete a business plan

12. Oklahoma ATF Received Federal Funds $172,415 with match of $19,157 Had 3 loans in 2004 – computer equipment All 3 loans defaulted in 2006 or 2007 net loss of $5,337 FY 08 closed 2 ATF loans for a total of $37,900

13. Current Need for Telework Loan Programs Increase number of applications – number of loans 99 loans over 4 years -- $1,167,64

14. Actions to Increase Loans Revise Policies and Procedures Increase Awareness, Expand Marketing, Explore Branding Develop Strategic Partners

15. 2008 Telework Forum Concentration on Partners Look at Existing Partnerships New Partnerships

16. Structure of Forum - Wednesday Panels – Partners and Loan Programs Brainstorm – Explore Ideas

17. Structure of Forum – Thursday Begin to Plan Develop Action Plan Future Direction