Small Business Recovery Grant (SBRG)

About the Program
How to Apply

Small Business Recovery Grant

Getting Businesses Back to Work

Program Overview

FHLB Dallas offers a Small Business Recovery Grant (SBRG) for small businesses when disaster strikes. The SBRG is a first-come, first-served noncompetitive grant program, that assists member financial institutions in providing relief to small businesses impacted by severe weather. The program is activated at the discretion of the Board of Directors and the FHLB Dallas Executive Leadership team. The funds are intended to assist with reasonable and necessary expenses that are not otherwise covered by insurance or other reimbursement.

In response to the challenges faced by small businesses due to the recent flooding in New Mexico and the wildfires over the summer, FHLB Dallas is offering $1 million in grants through the Small Business Recovery Grant Program (SBRG).

The program will be available to members on a first-come, first-served basis starting Thursday, January 2, 2025. Join the members-only webinar on December 17, 2024, to understand how your institution can support its customers on the eligibility criteria, guidelines, documentation requirements and deadlines.

The SBRG program can help small businesses with:

Building rehabilitation and repair
Machinery and equipment repair and replacement
Inventory replacement

Available Funds as of January 2, 2025: $1,000,000

Our Impact

Since 2023, we have activated the SBRG to support recovery efforts from tornadoes, floods and wildfires within the FHLB Dallas District.

$2.2M

For 2023 Tornado Recovery Efforts

109

Small Businesses Assisted

$1M

For wildfires and floods in New Mexico

Benefits for Your Financial Institution

Differentiate your institution by offering fast access to funding when disaster strikes.

Strengthen customer relationships and loyalty by providing funding to your customers and communities in a time of need.

Support economic and community development by helping businesses recover after disasters.

Rebuilding Lives

Learn how FHLB Dallas helps small businesses get back to business.

Rebuilding After a Deadly Tornado

“One of the phone calls I got early on the night of the tornado was a phone call from President and CEO Sanjay Bhasin of the Federal Home Loan Bank of Dallas. He said, ‘I just want you to know we are going to take care of Rolling Fork. We will do all that we can do.’”

— Fred Miller, Director, Bank of Anguilla

Watch Video

Moving Toward Recovery

Amory, Mississippi, was hit with an F3 tornado. Learn how FHLB Dallas helped eight businesses get back on their feet.

Watch Video

Stories

Tell Us Your Story

We'd love to hear from you! Tell us if you've been a recipient of funds from an FHLB Dallas program.

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Program Requirements For Members

Like all FHLB Dallas programs, SBRG is available only through FHLB Dallas members. We do not provide funds directly to consumers. The application must be submitted by a member institution and signed by an authorized individual.

Requirements:

Member institutions must pass along the full amount of the SBRG to the small business owner
The assisted small business must have incurred damage at least equal to the amount of the grant
Small business owners must certify that their business has been damaged or destroyed by the disaster and that the grant will be used toward resuming operations in the affected area
The small business must qualify as a “small business” as defined by section 3(a) of the Small Business Act (15 U.S.C. 632(a)) and implemented by the Small Business Administration under 13 CFR part 121, or any successor provisions
The small business must be established as a legitimate business entity organized for profit, with a place of business located within FHLB Dallas’ five-state District and operating primarily within the United States or making a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor