Greater Greenwood News


Date ArticleType
6/12/2019 Member News

Small Business Grants Offered through Home Bank, FHLBank Indianapolis

Home Bank SB is partnering with the FHLBank Indianapolis to participate in Elevate, a grant program to help small businesses grow and develop their business, workforce, and community.

Small businesses can use the grant money (up to $25,000) for capital expenditures, workforce training, or a variety of other needs.

To be eligible, businesses must be located in Indiana or Michigan and must be sponsored by an FHLBank Indianapolis member to complete the application. With locations in Morgan, Johnson, and Hendricks Counties, Home Bank SB is a participating member of FHLBank and a partnering institution for the Elevate program.

Applications must be delivered to the FHLBank (by the member bank) no later than 5:00 p.m. EST on July 10, 2019, to be considered for funding in 2019. Recipients will be announced no later than August 16, 2019.

Businesses interested in applying can learn more at or contact Kathy Spencer-Ellis, Vice President Commercial Lending, at (317) 754-2896.

About Home Bank SB
Chartered in 1890, Home Bank SB is a community bank with offices in Morgan, Johnson, and Hendricks Counties. As a mutual institution without private ownership or stockholders, the bank’s profits are allocated entirely to its capital reserves, resulting in greater fiscal strength and resources for community support.

About FHLBank Indianapolis
FHLBank Indianapolis is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member institutions. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its approximately 400 Indiana and Michigan financial institution members.