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

Current through Register Vol. 46, No. 53, December 31, 2024

Section 71.10 - Evaluation criteria

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

(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.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 71.10