N.Y. State Finance Law Section 217
Linked loans

Linked loans shall be made by lenders pursuant to the program only to eligible businesses in connection with eligible projects. A linked loan shall be limited to a maximum amount of four million dollars. An eligible business may receive more than one linked loan. During the life of the linked loan program, the total amount of money that a business can borrow from the linked program is six million dollars. The credit decision for making a linked loan shall be made solely by the lender. Notwithstanding the length of the term of a linked loan, the linked deposit relating to the linked loan shall be for a period of not more than four years.

Source: Section 217 — Linked loans, https://www.­nysenate.­gov/legislation/laws/STF/217 (updated May 12, 2023; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
May 12, 2023

§ 217’s source at nysenate​.gov

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