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New York · Through 2026-09-11

N.Y. State Finance Law § 217: Linked loans

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Where this section sits in the code
  1. State Finance Law
  2. Article 15. Excelsior Linked Deposit Act

§ 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.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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