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Find similar grantsElevate Small Business Grant is sponsored by Federal Home Loan Bank of Indianapolis (through Citizens State Bank). Assists the growth and development of small businesses in Indiana and Michigan. Grant money can be used for capital expenditures, workforce training, working capital, or other needs.
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Elevate Small Business Grant Elevate Small Business Grant 2026 Elevate Grant submissions are due by October 1st! Complete the form below for more information. Help your small business grow by receiving grant money through Elevate.
The Federal Home Loan Bank of Indianapolis believes small businesses are the fabric of our communities, and strong small businesses generate more economic opportunities for everyone. The Elevate small business grant assists the growth and development of small businesses in Indiana and Michigan.
Small businesses can use the grant money (up to $20,000) for capital expenditures, workforce training, working capital, or a variety of other needs as outlined in the Elevate Program Guide. Click here for full details.
Elevate Grant Information Request For-profit businesses headquartered in Indiana or Michigan Under current ownership for at least 12 months prior to October 1, 2026 2025 annual gross revenue of more than $20,000 and no more than $1 million Must apply in partnership with an FHLBank Indianapolis member Must meet at least one 2026 program priority Businesses that received an Elevate grant in 2021 or later are not eligible for the 2026 round Grants of up to $20,000 are available through participating FHLBank Indianapolis members.
Grant funds can be used for: Purchase or improvement of property Machinery, tools or equipment Workforce development or training Inventory, materials or supplies Applicants must meet at least one: Housing Industry Trades — Businesses supporting housing construction, renovation or maintenance Member Involvement — The sponsoring FHLBank member provides a matching grant of at least 10% of the requested amount Public Presence — Businesses operating from or establishing a non-residential commercial location Community Enhancement — Businesses providing training or education related to financial, occupational or personal well-being Application deadline: October 1, 2026 Award announcements: October 22, 2026 Eligible expenses must be incurred between September 1, 2026 and March 31, 2027
According to the current listing, eligibility includes: For-profit businesses located in Indiana or Michigan, under current ownership for at least 12 months prior to September 3, 2025, with average gross revenue of at least $20,000 but less than $1 million for 2024. 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.
Elevate Small Business Grant is funded by Federal Home Loan Bank of Indianapolis (through Citizens State Bank). 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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