2025 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 second year in a row. This program is designed to assist the growth and development of small businesses, their workforce and the communities in which they are located. 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
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 September 3, 2024). - Have 2024 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
Questions?
If you have questions about the Elevate Small Business Grant, please contact our Lending Team by email at lending@limestonefcu.com or by phone at 906-341-3118.
2024 Elevate Small Business Grant Recipient:
The Grind Coffee House
“The crew and I at The Grind Coffee House are elated to have been selected as Limestone Financial Credit Union’s first Elevate Grant recipient. This grant will allow us to add an additional espresso machine to our lineup, improve our seating area to embody the all-inclusive environment we seek to provide and allow us to refine our skills in an efficient manner. We are grateful for this opportunity to foster growth within the shop and improve the service we provide to our community. It is our mission at The Grind to not only provide quality beverages and top-tier service, but to also provide a safe place for all. We hope that with this grant we will be able to build upon that foundation and continue to reach our goals with this momentum. Thank you, Limestone Financial Credit Union, for this opportunity and all that you provide for this community.”
-Hali Holt, Owner/Operator, at The Grind Coffee House.
Through a Partnership With the FHLBank Indianapolis:
Learn more about FHLBank Indianapolis.
¹Please note: This is not a formal application for the program. It is a pre-qualification application used to assess initial eligibility. Members must complete this pre-qualification step to be considered for Elevate Small Business Grant funds. All requested documentation must be submitted to Limestone FCU, and additional documentation may be required after submission. Applicants must be members of Limestone FCU in good standing to qualify.
