5 CRR-NY 160.5NY-CRR
5 CRR-NY 160.5
5 CRR-NY 160.5
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.
5 CRR-NY 160.5
Current through October 15, 2021
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