[Brownsburg, Indiana] – Hendricks County Bank and Trust Company, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), has helped to secure a $20,000 Elevate Small Business grant for Manscapes, LLC. Manscapes is an upscale styling salon providing premium grooming services in an industrial environment.

Manscapes aims to become the go-to destination for men, women and children who want to elevate their grooming routine and want high-quality, consistent service. With funds from the FHLBank Indianapolis’ Elevate Small Business grant, Manscapes plans to expand to a second location in Plainfield, with the projected design similar to their first location. The selection of Plainfield for their next location was strategic, based on a gap for upscale grooming in the area. There are five stylists ready to open the store and the team will be recruiting five more stylists to complete the team.

“We have learned many things from opening our first location and will be using this to streamline our second location,” stated co-owner Bradley McHugh. He went on to say “After the business struggles of covid and the shutdown we endured, this award is a massive help to allow our small business to expand. The Elevate grant award will play a crucial role in bringing this vision of expanding Manscapes to life. It allows us to open this store without a business loan and proves hard work pays off. There are rewards for business owners who persevere and put their employees, clients, and community first.” 

As businesses must partner with a FHLBank Indianapolis member, Jerry Orem, president of Hendricks County Bank was pivotal in bringing awareness of the grant to Manscapes and supporting the application process. “The award is very prestigious. Within our HCBT business community, ten businesses applied for this cycle. Then you are competing with others across Indiana and Michigan. Manscapes made themselves a stand-out. We are excited to see this expansion and what is to come for the Manscapes family.”

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.