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. Your customers can use the grant money (up to $25,000) for capital expenditures, workforce training, or a variety of other needs to get the boost that they need.

This grant is designed to benefit our members and their customers by strengthening relationships they already have. That’s a win for everyone involved.

Who can apply?

The small business must be located in Indiana or Michigan, and they must be sponsored by an FHLBank Indianapolis member to complete the application. Each small business is limited to one application. 


On this page you will find all necessary documents for the Elevate program. 

To qualify for the Elevate grant, eligible expenses must be incurred between August 1, 2019 and March 1, 2020.

Member financial institutions and applicants should both read the Elevate Program Guide prior to completing the application. 

Members must submit the Elevate Master Agreement when submitting an application. Only one Master Agreement is required per member no matter how many applications are submitted.


  • Program Documents

    Elevate Program Guide
    Elevate Member Guide
    Elevate Application
    Elevate Master Agreement (FHLBank Indianapolis Members Only)
    Elevate Training

  • Past Recipients


    We are proud to announce our 2018 Elevate Grant Recipients who are doing great work to grow and strengthen their communities throughout Indiana and Michigan. 

2019 Elevate Small Business Grant Recipients

FHLBank Indianapolis announced that 17 Indiana and Michigan businesses were awarded the bank’s 2019 Elevate Small Business grant. Click here to view the recipients: 2019 FHLBank Indianapolis Elevate Small Business Grant Recipients


As of July 15, 2019, the application window for the 2019 round of the Elevate small business grant program has closed. Recipients of the Elevate small business grant will be announced in August 2019.