In the immediate aftermath of the floods, eligible businesses could initially apply for rates relief and grants of up to £7,500.
Then in February, the Enhanced Flood Support Scheme opened, offering up to £100,000 per eligible business.
It is led by the Department for the Economy with assistance from Newry, Mourne and Down Council and Armagh, Banbridge and Craigavon Council.
A total of 110 businesses applied to the scheme.
Of these, 14 claims were rejected as ineligible and a further 17 have been asked to provide more information, according to the department.
The 20 businesses due to receive their money this week will get a share of £1.24m.
A further 43 businesses, which were not eligible for flood support payments, will receive a share of £152,500 in “hardship” payments this week.
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