Linked
Deposit
A vibrant business sector is essential to sustain the state's economic growth and its ability to generate jobs, increase export trade, and maintain New York State's position as the tenth largest economy in the world.
PurposeThe Linked Deposit Program (LDP) was created to assist eligible businesses within the state with low-rate loans to modernize facilities and operations, access new markets, develop new products and improve overall competitiveness.
The LDP "linked loan" provides businesses with affordable capital by allowing them to obtain loans from commercial and saving banks, loan associations and farm credit institutions, to save two to three percentage points on prevailing interest rates, and to borrow up to $1,000,000 for up to two years.
| Eligible Businesses | Maximum Number of Employees | Prerequisites |
|---|---|---|
| Manufacturing | 500 or fewer full-time NYS based employees | None |
| Service | 100 or fewer full-time NYS based employees | Must be independently owned and operated and not dominant in their field. Personal and Professional service businesses are not eligible. |
| Businesses in an Empire Zone (EZ) | 100 or fewer full-time NYS based employees | None |
| Minority / women-owned businesses | None | Must be NYS-certified minority-and women-owned businesses |
| Defense industry manufacturers | None | Projects must diversify production to take advantage of non-military markets |
| Other businesses | 100 or fewer full-time NYS based employees | Projects must increase the business's export activities |
Further Information
For additional information, visit the Linked Deposit Program website at http://www.empire.state.ny.us/, call the Linked Deposit Program office at 518-292-5261 or email Linkeddeposit@empire.state.ny.us