Community First Accelerate Grants for Small Business ("Accelerate Grants") assist the growth and development of small businesses in Illinois and Wisconsin, creating economic opportunity in the communities FHLBank Chicago members serve. Through our member institutions, we offer grants of up to $25,000 to eligible small businesses. 

Accelerate Grants are an opportunity for members to establish and strengthen partnerships with small businesses in their communities.

The 2023 Accelerate Grants for Small Business funding round is closed as of October 20, 2023. Award announcements will be made mid-November.

Watch the below videos to learn how our Accelerate Grants program is supporting small businesses in our community!

Accelerate Grants

Application Process
Evaluation Criteria
Impact Reporting

2023 Overview and Eligibility Guidelines