N.Y. Comp. Codes R. & Regs. tit. 21, § 4230.9 – Franchise loans.

(a) disbursements by the corporation of such loans shall be conditioned on obtaining such franchise(s); and
(b) the amount of any such loan shall not be less than $50,000 and generally shall not exceed $300,000 or an amount equal to twice the amount of cash equity in the project, whichever is less.

The corporation may provide franchise loans to certified minority and/or women-owned business enterprises that seek to acquire and expand franchises of nationally recognized corporations, subject to sections 4230.4, 4230.13 and 4230.14 of this Part and the following: