N.Y. Comp. Codes R. & Regs. tit. 21 § 4251.1
Current through Register Vol. 46, No. 38, September 18, 2024
The purpose of this rule is to facilitate the administration of the Capital Access Program (the program) authorized by section 16-k of the New York State Urban Development Corporation Act (the act). Pursuant to the act, the corporation (hereinafter defined) may, within available appropriations, assist small businesses, that otherwise find it difficult to obtain regular or sufficient bank financing, through the funding of loan loss reserves for loans made to such small businesses by participating financial institutions.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 4251.1