N.Y. Comp. Codes R. & Regs. tit. 5, § 71.10 – Evaluation criteria. | Midpage

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New York Codes, Rules and Regulations

§ 71.10

N.Y. Comp. Codes R. & Regs. tit. 5, § 71.10

Evaluation criteria.

Department of Economic Development

(a) conformity with program eligibility requirements;
(b) soundness of the business enterprise;
(c) credit history;
(d) depth of management experience;
(e) ability to repay the loan;
(f) contribution of the project to local water quality improvement;
(g) the adequacy of the collateral available to secure the loan; and
(h) such other criteria as the department may deem appropriate.

The department shall evaluate applications for program assistance using the following criteria: