1. The New York City Nonprofit Recovery Loan Program will provide critical funds in the coming months to bridge the gap between expenditures needed to support the recovery from Hurricane Sandy and anticipated revenues such as grants, pledges, contract reimbursements, FEMA and insurance payments.
- Priority will be given to those nonprofit organizations located or providing services in the areas of the New York City most affected by Hurricane Sandy
- Loans will be interest-free.
- There are no fees associated with the loan.
- Loans may be used to cover both operating and capital costs.
- Loans will range from $5,000 to $100,000
- The loans will be made against claims with the private and government insurers as well as against government contracts, foundations and corporation grants and individual support.
- Anticipated repayment will be within eight to 15 months.
- The Fund may ask the funder to repay the Recovery Loan Fund directly.
The application is an online form that lets you save your work as you go.
Click here to download a sample application and checklist of required documents.
If you have any questions, please email LoanTeam@fcny.org
2. Materials for the Arts, the City’s reuse center for non-profits with cultural programs, is providing impacted organizations with donated supplies and furniture.
3. Nonprofits can also register for FEMA assistance at the restoration centers established by the City in Red Hook, Gravesend, Fort Tilden, Staten Island, Arverne, the Rockaways and the Bronx. The deadline for applying to be eligible for FEMA compensation is December 15th. For more info go to FEMA here.