(Napoleon, IN) – The Napoleon State Bank, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), has helped to secure a $20,000 Elevate Small Business grant for Iron Timbers, LLC, located in Osgood, Indiana.
Iron Timbers, LLC combine their passion and experience to create long-lasting and functional custom woodwork and metalwork. With funds from the FHLBank Indianapolis’ Elevate Small Business grant, Iron Timbers, LLC plans to purchase additional equipment and eventually hire a new employee.
“We are beyond grateful for our Lender, Steve Huff and the rest of The Napoleon State Bank team for always keeping the best interest of the companies and individuals they work with. Their resourcefulness and swiftness have allowed us to receive this grant which allows us to buy new equipment and ultimately add an additional member to our growing team,” said Caleb Payne with Iron Timbers.
“Small businesses are the foundations of our communities. We are thrilled to announce that with our help Iron Timbers received a $20,000 Elevate Small Business grant from FHLBank. We look forward to watching their business grow and continue to thrive with the addition of these funds,” said Steve Huff, Lender at The Napoleon State Bank.
The FHLBank Indianapolis Elevate grant is open to all for-profit Indiana and Michigan businesses with annual revenue of less than $1 million. Annually, applications are evaluated based on feasibility and proposed impact on the local community. In total, this year FHLBank Indianapolis awarded $1,009,561 in Elevate grants to small businesses looking to take their success to the next level. Learn more about the Elevate Small Business Grant at www.fhlbi.com.
The Napoleon State Bank has been locally owned since 1903 and serves the Ripley and Decatur counties of Southeastern Indiana with seven locations in Napoleon, Holton, Osgood, Milan, Greensburg and Westport. The mission of The Napoleon State Bank is to remain a locally owned financial institution, dedicated to providing a broad range of services to our customers and communities, through a friendly, trained, qualified staff that provides unsurpassed personal service to our customers. The Napoleon State Bank has a total of 87 full and part-time employees. Member FDIC and Equal Housing Lender.
(Napoleon State Bank press release)
