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NY
New York State Linked Deposit Program (LINC)
Reduces the interest rate on business loans from participating lenders by having New York State place deposits with those lenders at below-market rates, passed along as savings to the borrower.
About this program
Visit the program website for full details.
Eligibility
Existing New York State-based businesses seeking financing from a participating commercial bank, savings bank, savings and loan, or farm credit institution. Total outstanding LINC loans for a single business may not exceed $6 million.
Requirements
- Business must be located in New York State
- Apply through a participating lender
- Lender makes the final credit decision