Small Business Recovery Grant Program

Small Business Recovery Grant (SBRG) Program

The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that soon we 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.

More information will be forthcoming. Should you have any questions, please email our team at [email protected] or contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (212) 681-6000, press 3 – 1.