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Elevate Small Business Grant is sponsored by Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis). A grant program that assists the growth and development of small businesses, their workforce, and the communities in which they are located. Grant recipients may use funds for capital expenditures, workforce training, or other expenses to boost their business.
Members of FHLBank Indianapolis can submit funding requests on behalf of a small business customer.
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Elevate Small Business Grant Elevate Small Business Grants Supporting 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 fund training and professional development opportunities, technological enhancements, new or upgraded equipment and more. Master Agreement and Registration due Sept.
4 For more information about 2026 Elevate Small Business Grant requirements, please review the 2026 Elevate training (also linked below under program materials). Elevate is a grant program that assists the growth and development of small businesses, their workforce and the communities in which they are located.
Grant recipients may receive up to $20,000 for capital expenditures, workforce training or other expenses to get the boost they need to take their business to the next level. 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!
FHLBank Indianapolis members may submit funding requests of up to $20,000 on behalf of a small business, or two requests of up to $10,000 each on behalf of two small businesses, for a maximum per-member cap of $20,000. The full list of requirements can be found in the Elevate Small Business Grant program guide linked below. Getting started with Elevate How do FHLBank Indianapolis members access Elevate funds?
To participate in Elevate in 2026, FHLBank Indianapolis Members must first submit the Elevate Master Agreement/Registration form to housing@fhlbi. com by September 4th. The Master Agreement will act as the member's Notice of Intent (NOI).
Upon receipt, the Bank will issue the member login credentials to access . GIVES. Applications can be entered in .
GIVES starting September 7th, and no later than October 1, 2026. Application documents for small businesses will be provided to the member upon receipt of the Master Agreement. *Submission of the Master Agreement does not obligate the member to submit applications for funding.
Program guidelines and information 2026 Program guide Elevate past recipients 2025 Elevate Recipients FHLBank member registration 2026 Master Agreement/Registration . GIVES Logins and User Guides
According to the current listing, eligibility includes: For-profit businesses headquartered in Indiana or Michigan, established under current ownership for at least 12 months prior to September 3, 2024, and with 2024 annual gross revenue between $20,000 and $1 million. Must be partnered with an FHLBank Indianapolis member institution. Residential projects, nonprofit organizations, and government entities are ineligible. Businesses that received an Elevate award in 2020 or later are ineligible. Confirm the full requirements in the official notice before applying.
The current listing shows up to $20,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
The published deadline was September 3, 2025, which has passed. Check the official notice for any future application windows before investing time in a proposal.
Elevate Small Business Grant is funded by Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Michigan and Indiana. Check the official notice for exact location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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