Eligible New York City residents and businesses affected by the significant flash flooding event on May 20, 2026 may now apply for low-interest disaster loans from the U.S. Small Business Administration (SBA).
These loans are made available for those whose homes and/or businesses were damaged due to flooding.
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.
The filing deadlines are:
- August 31, 2026 for physical damage
- March 30, 2027 for economic injury
You can learn more and apply online.
Visit the MySBA Loan Portal.
Further Assistance
You can get more help from the SBA's Customer Service Center:
By Email
disastercustomerservice@sba.gov
By Phone
- Agency: United States Small Business Administration
- Division: SBA Customer Service Center
- Phone Number: (800) 659-2955
- Business Hours: Monday - Friday: 8 AM - 8 PM
