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 deadline to submit applications is August 31, 2026 for physical damage, and March 30, 2027 for economic injury.

Learn more and apply:

Online

Visit the MySBA Loan Portal.

In Person

A Disaster Loan Outreach Center is located at:

73-03 Bell Boulevard
Oakland Gardens, NY 11364
Open Mondays, Wednesdays, and Fridays from 9 AM to 5 PM; Tuesdays and Thursdays from 9 AM to 7 PM.

The center will remain open until Tuesday, July 21, 2026.

Further Assistance

You can get more help from the SBA's Customer Service Center:

By Email

disastercustomerservice@sba.gov

By Phone