New York § 217 Linked loans

New York Statutes

§ 217 — Linked loans

New York § 217

Law STFState Finance

Art. 15Excelsior Linked Deposit Act

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Bluebook

N.Y. State Finance § 217 (2026).

Text

  § 217. Linked loans. Linked loans shall be made by lenders pursuant to\nthe program only to eligible businesses in connection with eligible\nprojects. A linked loan shall be limited to a maximum amount of four\nmillion dollars. An eligible business may receive more than one linked\nloan. During the life of the linked loan program, the total amount of\nmoney that a business can borrow from the linked program is six million\ndollars. The credit decision for making a linked loan shall be made\nsolely by the lender. Notwithstanding the length of the term of a linked\nloan, the linked deposit relating to the linked loan shall be for a\nperiod of not more than four years.\n

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§ 217. Linked loans. Linked loans shall be made by lenders pursuant to\nthe program only to eligible businesses in connection with eligible\nprojects. A linked loan shall be limited to a maximum amount of four\nmillion dollars. An eligible business may receive more than one linked\nloan. During the life of the linked loan program, the total amount of\nmoney that a business can borrow from the linked program is six million\ndollars. The credit decision for making a linked loan shall be made\nsolely by the lender. Notwithstanding the length of the term of a linked\nloan, the linked deposit relating to the linked loan shall be for a\nperiod of not more than four years.\n