# N.Y. STF Law § 217: Linked loans

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S217

## Section

- **Citation:** N.Y. STF Law § 217
- **Heading:** Linked loans
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act STF / Article 15 / Section 217

## 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

## Nearby sections

- [N.Y. STF Law § 212 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S212.md)
- [N.Y. STF Law § 213 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S213.md)
- [N.Y. STF Law § 214 Establishment and purpose; linked deposit program authorization](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S214.md)
- [N.Y. STF Law § 215 Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi...](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S215.md)
- [N.Y. STF Law § 216 Term of program](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S216.md)
- [N.Y. STF Law § 217 Linked loans](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S217.md)
- [N.Y. STF Law § 218 Interest rate for linked loans; no lender's fees](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S218.md)
- [N.Y. STF Law § 219 Application procedure](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S219.md)
- [N.Y. STF Law § 220 Renewal of linked deposit](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S220.md)
- [N.Y. STF Law § 221 Liability; early repayment and withdrawal](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S221.md)
- [N.Y. STF Law § 222 Monitoring and report](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S222.md)
- [N.Y. STF Law § 223 Promotion of program](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S223.md)
- [N.Y. STF Law § 224 Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S224.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S217. Check the current official text before relying on it. Not legal advice.