Objective
What is the Linked Deposit Program?
The Linked Deposit Program (LDP) helps existing New York State firms obtain reduced-rate financing so they can undertake investments to:
- Improve their competitiveness
- Expand their markets
- Develop new products
- Introduce new technologies
- Facilitate ownership transition
- Modernize their equipment, increase their capacity or capabilities
- Expand their facilities, purchase real estate or make building renovations
How can Linked Deposit help you and your business clients?
- By utilizing Linked Deposit, a lender can offer lower interest rates
- Lenders can use LDP as a marketing tool to attract new customers and retain existing clients
- It can allow a lender to move forward with the loan, where without LDP the borrower may not have been credit worthy
- It may also allow a borrower to qualify for more funding, resulting in a larger investment with more economic benefits
- It can provide the borrower with substantial savings and ease cash flow, allowing those monies to be spent elsewhere