The 2022 Elevate Small Business Grant round is now closed.
Oct. 28, 2022 - 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 throughout Indiana and Michigan 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?
Only small businesses located in Indiana or Michigan may apply, and they must partner with a FHLBank Indianapolis member to submit the application. The full list of requirements can be found in the Elevate Program Guide found below.
Members open to working with at-large applicants can be found here (this list will be updated as members continue to register):
Program materials are available below.