Support for businesses affected by floods

Minister of Industry and Technology Mehmet Fatih Kacır announced the new support program for businesses affected by floods and flood disasters in Istanbul and other cities. Within the scope of the Emergency Support implemented through KOSGEB, a loan of up to 1 million lira will be provided to small businesses and up to 500 thousand lira for micro businesses.

In his statement on his social media account, Minister Kacır stated that they initiated the support program in order for businesses affected by floods to compensate for their economic losses and continue their activities.

6 MONTHS NO PAYMENT, 24 MONTHS TERM LOAN

Within the scope of the support, loans will be provided to businesses with zero financing cost. All interest or profit share of the loans will be covered by KOSGEB.

Small businesses will be able to use loans up to 1 million liras, and micro businesses will be able to use loans up to 500 thousand liras. The loans will have a maturity of 24 months and no payments will be made for the first 6 months.

In his statement, Minister Kacır said, "We continue to stand by our SMEs."

APPLICATIONS WILL END ON DECEMBER 31

The application deadline for KOSGEB Emergency Support has been determined as 31 December 2026.

According to the statement made by the Ministry, micro and small-scale businesses affected by floods and overflow disasters that occurred in different regions of Türkiye in 2026 and whose damage has been assessed by the governorships will be able to benefit from the support.

In order for businesses to benefit from the support, they will need to prove that they have been affected by floods and that the effects of the disaster continue, with documents from the relevant official authorities.