2026 FHLBI Elevate Small Business Grant
Two $10,000 Grants Available for Small Businesses
Limestone FCU, through our partnership with FHLBank Indianapolis, is proud to offer the Elevate Small Business Grant for a third year in a row. This program is designed to assist the growth and development of small businesses, their workforce and the communities they serve. We will award two grants of $10,000 each, $20,000 in total, to be used for capital expenditures, workforce training, or other eligible expenses that give small businesses the boost they need to reach the next level.¹ View the eligibility requirements.
Who Can Apply?
In order to be eligible for the program, small businesses must:
- Be a for-profit entity.
- Be headquartered in Michigan.
- Have been established under its current ownership for at least 12 months prior to the
application due date (on or before October 1, 2025). - Have 2025 annual gross revenue of $1 million or less but more than $20,000.
- Be a member of Limestone FCU in good standing.
What Can the Grant Be Used For?
The Elevate Grant can be used for:
- Purchase or improvement of property.
- Machinery, tools or equipment.
- Workforce development or training.
- Technology enhancements.
- Inventory, materials or supplies.
How to Apply?
Complete the pre-qualification application¹ to get started. If you qualify, a Limestone Team Member will reach out to complete the application process with you.
¹Pre-Qualification Application
Application Due Date:
Pre-qualification applications are due September 25, 2026.¹
Questions?
If you have questions about the Elevate Small Business Grant, please contact our Lending Team. For a quicker response, please use the subject line ‘Elevate’.
- Phone: 906-341-3118
- Email: lending@limestonefcu.com
2025 Elevate Small Business Grant Recipients:
In 2025, Barr Team, LLC received a $9,920, and Mustard Seed received a $10,000 Elevate Small Business Grant through Limestone Financial Credit Union (Limestone FCU) and the Federal Home Loan Bank of Indianapolis (FHLB Indianapolis) to support various property improvements.
“We are extremely grateful for the opportunity to make some vital improvements to our building through the Elevate Grant, which LFCU has facilitated for us. Protecting this asset is important to us, as is providing both our clients and team members with a safe and welcoming atmosphere. We take pride in being part of the downtown business district and hope our collective investment moves the needle for all of us in a positive way. Thank you, LFCU, for partnering with us, and for always supporting our business and personal financial needs!”
-Julie Barr, REALTOR®, Barr Team, LLC.
Through a Partnership with FHLBank Indianapolis
Learn more about FHLBank Indianapolis.
¹Important: This application serves as a pre-qualification tool to help assess initial eligibility to be considered for the Elevate Small Business Grant through FHLBank Indianapolis. Submission of this form does not guarantee eligibility or funding and is not the official application. Additional documentation will be required. To qualify, applicants must be members of Limestone FCU in good standing. Additional eligibility requirements may apply. Applications are reviewed based on program guidelines and eligibility criteria.
