Grant will help Iron Timbers continue to expand
(OSGOOD, Ind.) – Napoleon State Bank is making a difference for small businesses in Ripley County.
The bank recently helped secure a $20,000 Elevate Small Business grant for Iron Timbers in Osgood.
The funding was made possible through a partnership between Napoleon State Bank and the Federal Home Loan Bank of Indianapolis.
The grant will help Iron Timbers 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.
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. You can learn more by clicking here.
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.
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