Small Business Recovery Grant Program

Thank you for your interest in this program.

The funding for the 2026 SBRG Program has been fully allocated, and the program is now closed. Please check back for updates on potential future distributions or contact SBRG@fhlbny.com with any questions.

Starting May 26, 2026, the Federal Home Loan Bank of New York (FHLBNY) will offer $5 million in grant funding under the 2026 Small Business Recovery Grant (SBRG) Program. Through the SBRG Program, members will be able to provide grants of up to $10,000 to qualifying small businesses, including farms and non-profit organizations, that have faced economic challenges and/or supply-chain constraints. Funding will be limited to $50,000 per member.

SBRG Program Funding Availability: $520,000

As of June 1, 2026

Program Funds

Current Program Funds	$5 Million
Member Cap	Maximum of $50,000 per member
Grant Minimum	$2,500 Minimum per eligible recipient Grants requested under this amount will not be processed.
Grant Maximum	$10,000 maximum per eligible recipient The entire requested grant amount must be passed through to the recipient.

Eligibility Criteria

Eligibility will be determined by the member and the member will certify they have completed all due diligence.

Eligible Recipients: Registered small businesses¹ and non-profit organizations² that are:

A verified startup or existing entity currently operating or requires the grant funds to resume operations under a reasonable plan
Located within the FHLBNY’s District: New York, New Jersey, Puerto Rico and the U.S. Virgin Islands

Eligible Uses of Funds Include: Funds can be used for the startup or expansion of a small business or nonprofit, including building purchase, land acquisition, construction, equipment, working capital and other related uses. A full list of eligible uses can be found in the SBRG Program Guidelines.

¹Small businesses are defined according to Small Business Association (SBA) guidelines.

²Non-profit organizations must have a current, valid 501(c)(3) designation or equivalent and an annual operating budget of less than $20 million.

Member Application & Certification Process

Member will find, qualify, and certify eligibility for up to 20 small business or non-profit recipients for an amount not to exceed the Grant Maximum.
Members are allowed a one-time application* submission, listing all eligible small businesses or non-profits, not to exceed the $50,000 Member Cap.
Members must certify at the time of application submission that they have complied with the requirements of the SBRG Program Guidelines.

FHLBNY Review & Funds Disbursement

The FHLBNY will process applications received on a first-come, first-served basis and issue grant funds to the member’s FHLBNY Overnight Investment Account. Any missing information must be rectified within 7 business days and resubmitted.
Misuse of Funds and Recapture: Supporting documentation will not be collected by the FHLBNY; however, the member is required to retain supporting documentation on file. Any evidence of misuse or fraud may result in recapture directly from the member.

*The FHLBNY will accept SBRG Program applications until available funds are exhausted or until 5:00 p.m. ET on July 31, 2026, whichever occurs first. Application forms received prior to 8:30 a.m. ET on May 26, 2026, will not be processed.