Elevate Small Business Grants is sponsored by Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis). Assists small businesses in Indiana and Michigan with grants for capital expenditures, workforce training, and other expenses to support growth and development.

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. Notice of Intent due Sept.

4 The program kickoff webinar on March 3 provided additional information on the upcoming round, including funding amounts, requirements and deadlines. A recording is available on the Community Investment Programs page . 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