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Small Business Recovery Grant (SBRG) Program

Starting September 15, 2025*, the Federal Home Loan Bank of New York (FHLBNY) will offer $5 million in grant funding under the 2025 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 due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. Funding will be limited to $50,000 per member.

*Application forms received prior to 8:30 a.m. ET on September 15, 2025, will not be processed.

Starting September 15, 2025,* the Federal Home Loan Bank of New York (FHLBNY) will offer $5 million in grant funding under the 2025 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 due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. Funding will be limited to $50,000 per member.

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.

*Application forms received prior to 8:30 a.m. ET on September 15, 2025, will not be processed. 

Member Application & Certification Process

  1. 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.
  2. Members are allowed a one-time application submission, listing all eligible small businesses or non-profits, not to exceed the $50,000 Member Cap.
  3. 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.

*Application forms received prior to 8:30 a.m. ET on September 15, 2025, will not be processed. 

Key Contacts

Relationship Managers
(212) 441-6700
FHLBNY@fhlbny.com

Member Services Desk
(212) 441-6600
MSD@fhlbny.com

SBRG@fhlbny.com

SBRG Success Stories

Read how our SBRG program make a difference in your community.

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