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Hurricane Sandy Recovery Services


Hurricane Sandy Business Loan and Grant Program

The City of New York and the U.S. Department of Housing and Urban Development are providing small businesses in New York City with disaster recovery loans as part of the $42 million allocated for business recovery loan and grant program through the Community Development Block Grant Disaster Recovery Program. The NYC Department of Small Business Services will be administering the program with assistance from the New York Business Development Corporation (NYBDC).

If you are a small business that experienced direct damage as a result of the storm, you can now access up to $100,000 in grant money. Eligible applicants who demonstrate the ability to repay a loan with unmet need greater than $100,000 may qualify for a grant and loan up to $1.1M. In cases of severe need, these applicants may receive all grant awards. Applicants with unmet need greater than $1.1M will receive matching loans and grants. Loans will have a 1% interest rate and must be repaid in five years. Funding is limited and distributed on a first come, first served basis.

Final Deadline
Documents Must be Submitted by April 30, 2015

Applications are now closed for new businesses. Current applicants must submit all required documents by April 30, 2015 to be considered for an award through the Hurricane Sandy Business Loan and Grant Program. Applicants who submit documentation are not guaranteed funding and will be evaluated on a first come, first served basis until program funding is exhausted.

For more information, please see our Hurricane Sandy Business Loan and Grant Program Guidelines & Procedures, Hurricane Sandy Business Loan and Grant Program Document Checklist, and Hurricane Sandy Business Loan and Grant Program FAQs.

To speak with an account manager please contact your local NYC Business Solutions Center and ask for "Hurricane Sandy Business Loan and Grant Program."

 
NYC Business Solutions Brooklyn Center
9 Bond Street, 5th Fl
Hours: 9:00 am – 5:00 pm
347-296-8021
NYC Business Solutions Queens Center
168-25 Jamaica Avenue, 2nd Fl
Hours: 8:30 am – 5:00 pm
718-577-2148
NYC Business Solutions Lower Manhattan Center
79 John Street
Hours: 9:00 am – 5:00 pm
212-618-8914
NYC Business Solutions Staten Island Center
120 Stuyvesant Place, 3rd Fl
Hours: 9:00 am – 5:00 pm
718-285-8400

Staff members are also available in impacted neighborhoods to make the application process simpler. Ask about our office hours in Coney Island, Red Hook, the Brooklyn Navy Yard, Midland Beach, and the Rockaways.

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