Linked loans
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New York Code › Act STF › Article 15 › Section 217
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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
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