New York State Linked Deposit Program
New York State Linked Deposit Program
The New York State Linked Deposit Program helps existing New York State firms obtain reduced-rate financing so they can undertake investments to make borrowing less expensive. New York State places a deposit for the same amount as the loan at the bank and earns less interest on the deposit, allowing the lender to transfer the interest rate savings on to the borrower.
Who’s Eligible for the NYS Linked Deposit Program?
- Manufacturing Firms – with 500 or fewer full-time NYS-based employees
- Service Businesses – independently owned and operated and not dominant in their field, with 100 or fewer full-time NYS-based employees
Interested in LDP?
Stop into one of our branches to start the application process or contact us to learn more!
