Alternative Finance Program
The Massachusetts Alternative Finance Program improves the independence and quality of life of residents with disabilities through loan opportunities specifically for assistive technology devices and services. Individuals with disabilities and family members are encouraged to apply.
Overview
On January 18, 2005, the first application for the Massachusetts Alternative Finance Program was processed. Since that date, the program has approved thousands of loans totaling over $20,000,000! Early contributors to the program include Jason Luciano, Karen Langley, Steve Higgins, and Jennifer Buxton. In 2019, Easterseals Massachusetts, in partnership with MassAbility, formerly the Massachusetts Rehabilitation Commission, received a federal grant to begin a new Mini Loan program. The Mini Loan program is designed to target those individuals who would not be approved by a typical bank.
The goal of the Massachusetts Alternative Finance Program is to provide equal opportunities for people with disabilities to live more independently. Many different items are considered assistive technology, including:
- Hearing Aids
- Computers
- Flashing doorbells
- Electric wheelchairs or scooters
- Adapted vehicles
- Home modifications such as portable ramps or stair lifts.
Our staff can answer loan questions and guide potential applicants to the loan program that best matches their specific needs. Contact us today for more information.
The Massachusetts Alternative Finance Program is operated by Easterseals Massachusetts and funded by state and federal grants to MassAbility.
Our Reach & Impact
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$20million total loaned since the program started in 2005.
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1,300Long-Term Device Loans since 2009.
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$185,000No-interest Mini Loans to purchase Assistive Technology items less than $4,000, such as hearing aids.
Our Programs
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Financial Loan Program
Provides low-interest loans greater than $4,000 for the purchase of assistive technology products and services. -
Long Term Device Loan Program
Provides free long-term loans of assistive technology devices valued at less than $500 to financially eligible individuals and families. -
Mini Loan Program
Provides zero-interest loans of $100 to $4,000 for the purchase of assistive technology products and services.
Our Stories
Read the stories of people who have utilized our Alternative Finance Program.
Related Content
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Technology Restores Freedom for Dawn
Thanks to assistive technology, Dawn regained independence, leaving her home freely and enjoying life with her daughters again. -
Restoring Mobility and Independence Thanks to Easterseals Mini-Loan
Easterseals’ Mini-Loan program helped Dan secure a power wheelchair, restoring his independence and mobility. -
Easterseals Provides a Lifeline for Family Independence
Easterseals helped Lynne secure a whole-house generator so her son’s medical equipment stays running and the family stays safe. -
Easterseals Helps Roger Explore Greater Independence
Roger is a technology enthusiast living in the golden age of assistive technology. Blind since birth, he uses screen readers and dynamic braille displays as well as high-tech hearing aids. He doesn't adopt technology lightly, but neither does he insist on doing things only one way.
Resources
Find resources related to our Alternative Finance Program below.
Related Content
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Advice & FactsMassachusetts Alternative Finance FAQs
Explore our Frequently Asked Questions to learn how the Massachusetts Alternative Finance Program can help you or your loved ones access affordable funding for assistive technology, adaptive devices, and more. -
Advice & FactsMassachusetts Alternative Finance Program Eligibility
The financial loan program provides low-interest loans of $2,000 or more for the purchase of assistive technology products and services. Most items defined as assistive technology are allowed.
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