Coming Soon: The 2023 Small Business Recovery Grant Program

The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that we will be offering $5 million in grant funding under the 2023 Small Business Recovery Grant (SBRG) Program in November. The SBRG Program provides grant funds to benefit FHLBNY members’ small business and non-profit customers. This year, the FHLBNY simplified the eligibility criteria and submission process to ensure rapid deployment of funds to eligible recipients.

Through the SBRG Program, members will be able to provide grants of up to $10,000 to qualifying small businesses and non-profit organizations 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.

More information, including the program guidelines and the application form, will be available to members beginning November 6, 2023. Members may submit their application starting on November 13, 2023, until the funds are exhausted or by December 22, 2023, whichever occurs first.

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.

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