Notification issued 07-06-2026 at 05:32 PM.
Eligible New York City residents and businesses affected by the storms that passed through the area on May 20, 2026, may now apply for low-interest disaster loans from the U.S. Small Business Administration. The following groups may be eligible for SBA disaster loans:
•Homeowners: up to $500,000 to repair their primary residence.
•Homeowners and renters: up to $100,000 to repair or replace damaged or destroyed personal property.
•Business owners: up to $2,000,000 for the replacement of real property, inventories, machinery, equipment, and other physical losses.
•Businesses and nonprofits: Economic Injury Disaster Loans of up to $2,000,000 to provide necessary working capital until normal operations resume after a disaster.
Applications for disaster loans may be submitted online using the MySBA Loan Portal or at other locally announced locations. Please contact the SBA’s Customer Service Center by email at
[email protected] or by phone at 1-800-659-2955 for further assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. The application deadline for physical damage loans is August 31, 2026, and the application for economic injury loans is March 30, 2027.
A Disaster Loan Outreach Center will be open beginning tomorrow, 7/7, until Tuesday, 7/21, at 73-03 Bell Boulevard in Oakland Gardens, NY 11364. The center will be open from 9:00 AM to 5:00 PM on Mondays, Wednesdays, and Fridays, and from 9:00 AM to 7:00 PM on Tuesdays and Thursdays.
For more information, please visit https://www.sba.gov/funding-programs/disaster-assistance
