The 2022 Elevate Small Business Grant round is now closed!
October 28 - Awards Announced!
March 31, 2023 - Last day to submit a disbursement request
Help your small business customers
Small businesses are the foundations of our communities, and together with our members, we want to help them thrive with the FHLBank Indianapolis Elevate grant.
We believe that strong small businesses generate more economic opportunities for everyone. With an Elevate grant, our members can help their small business customers expand or train new or retain existing workers.
Small businesses like Hometown Bicycles, featured in the video below, have used Elevate to help take their business to the next level.
What is Elevate?
Elevate is a small business grant program that assists the growth and development of small businesses, their workforce, and the communities where they are located. Recipients of the grant can use up to $20,000 for capital expenditures, workforce training, or a variety of other needs to get the boost that they need. A maximum of $5,000 can go toward working capital expenses.
This grant is designed to benefit FHLBank Indianapolis members and their customers by strengthening relationships they already have. That’s a win for everyone involved.
Who can apply?
The small business applicant must be located in Indiana or Michigan, and they must partner with a FHLBank Indianapolis member to submit the application. Each small business is limited to one application.
Members open to working with at-large applicants can be found here (this list will be updated as members continue to register):
2022 Participating Members
Applications and program materials are available below.