The 2024 Small Business Recovery Grant Program

Starting July 29, 2024, the Federal Home Loan Bank of New York (FHLBNY) will offer $5 million in grant funding under the 2024 Small Business Recovery Grant (SBRG) Program. The SBRG Program provides grant funds to benefit FHLBNY members’ small businesses, including farms and non-profit customers. Through the SBRG Program, members will be able to provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. Funding will be limited to $50,000 per member.

Using the same simplified application process we introduced last year, members may begin to submit their completed SBRG Application and Certification Form to SBRG@fhlbny.com at 8:30 a.m. ET on July 29, 2024.* Applications will be accepted until available funds are exhausted or until 5:00 p.m. ET on October 11, 2024, whichever occurs first. Your one-time application submission should list all eligible entities and your institution must certify that they meet the Program Guidelines. Applications are considered on a first-come, first-served basis.

Learn More

Should you have any questions, please email our team at SBRG@fhlbny.com or contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.

*Application forms received prior to 8:30 a.m. ET on July 29, 2024, will not be processed.

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