N.Y. Comp. Codes R. & Regs. tit. 21, § 4250.8 – General evaluation criteria.

(a) In addition to such criteria as may be set forth by the corporation from time to time in solicitations for applications from community based lending organizations, the corporation shall evaluate the program assistance application of a community based lending organization in conformance with the act and in accordance with the criteria set forth in this Part, including as applicable:
1. (1) the ability of the community based lending organization to analyze small business applications for business loans, to evaluate the credit worthiness of small businesses, and to monitor and service business loans;
2. (2) the ability of the community based lending organization to review every business loan application in order to determine, among other things, the feasibility of the proposed eligible use(s) of the financing requested by the small business applicant, the likelihood of repayment, and the potential that the loan will generate economic development and jobs within the State;
3. (3) the ability of the community based lending organization to target and market to minority and women-owned enterprises and other small businesses that are having difficulty accessing traditional credit markets.
(b) The corporation is authorized, within available appropriations, to provide low interest loans to community development financial institutions, in order to provide funding for those lending organizations' loans to small businesses, located within New York State, that generate economic growth and job creation within New York State but that are unable to obtain adequate credit or adequate terms for such credit. If the use of a community development financial institution is not practicable based upon an assessment of geographic and administrative capacity and other factors as determined by the corporation, then the corporation is authorized, within available appropriations, to provide low interest loans to the following other local community based lending organizations: small business lending consortia, certified development companies, providers of United States Department of Agriculture business and industrial guaranteed loans, United States Small Business Administration loan providers, credit unions and community banks.