Welcome to KATLC Unit Four: Application Process. Learning Objective: int this unit, we will learn how to describe the KATLC application process. 


KATLC is governed by a seven-member Board of Directors, four of whom must have disabilities.​ KATLC administers loans in conjunction with its lending partner, Fifth Third Bank, Inc.


The program will look at your income compared to: ​current debt​, stability in residence​, employment​, and credit history. 


Goods and services that qualify for a KATLC loan include vehicles and modifications​, computers and adaptations​, mobility devices such as wheelchairs, scooters and prostheses, augmentative communication devices, hearing aids, environmental control unit, braille equipment, vision aids, home modifications, and more. 


Individuals will be notified within four to five days whether the loan has been approved or denied. Some applicants will be declined, but the program’s criteria are less stringent than those of a bank. ​As a result, many individuals who would typically be turned down for bank loans qualify to receive a loan through KATLC.


Learning Stop


Number One: What is usual processing time on a KATLC loan application?


1. 1 day​
2. 4 days​
3. 1 month​
4. 3 months


The correct answer is four days.


Number Two: What information does KATLC look at when making loan decisions?


1. current debt​
2. stability in residence​
3. Employment or other sources of income​
4. credit history ​
5. All of the above


The correct answer is E. All of the above. 


This concludes KATLC Unit Four: Application Process.