INDIANAPOLIS, Oct. 09, 2025 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis" or "Bank") recently announced the recipients of its 2025 Elevate Small Business Grants, including 47 Indiana small businesses.

Elevate Small Business Grants support the growth and development of small businesses across the Bank's district of Indiana and Michigan. Elevate grants have helped fund facility expansions, technological enhancements, upgraded or new equipment, workforce development opportunities and more. Now in its eighth year, the Elevate grant program has supported more than 250 small businesses across Indiana and Michigan with grants of up to $20,000 each to fund growth projects.

"With Elevate, we're working to support community and economic development across the spectrum," says MaryBeth Wott, SVP Community Investment and Strategic Planning Officer. "Elevate grants fund local businesses in some of the same communities supported through our affordable housing programs."

Record number of grants awardedThis year, due to increased funding and improved program design, the Bank is proud to provide grants of up to $20,000 each to 100 total small businesses across its district, including 47 Indiana small businesses, the most since the program's launch in 2018. The 2025 round saw a 56% increase in ...