N.Y. Comp. Codes R. & Regs. tit. 5 § 160.5

Current through Register Vol. 46, No. 51, December 18, 2024

Section 160.5 - Evaluation criteria

The commissioner shall evaluate all linked deposit applications based upon the following:

(a) the eligibility of the borrower for the program;

(b) the eligibility of the project for which the loan has been sought for the program;

(c) the significance of the eligible project for improving the competitive position and profitability of the eligible business;

(d) the importance of a reduced cost of borrowing through a linked loan to the ability of the eligible business to undertake the eligible project; and

(e) the number of jobs likely to be created or retained, or other substantial economic benefits likely to be achieved as a result of the eligible project.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 160.5