Royal Bank: Greg’s Auto Body Receives FHLBank Chicago Accelerate Grant
Greg’s Auto Body LLC in Mauston, Wisconsin was awarded a $15,000 grant through their partnership with Royal Bank on behalf of the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) Community First® Accelerate Grants for Small Business (Accelerate Grants).
Greg’s Auto Body has proudly served the Mauston community for over 30 years, providing high-quality repairs and restoration services. Owner, Greg Bires, is committed to delivering reliable, affordable services that helps keep his customers on the road. “In rural communities like ours, reliable transportation is essential. A vehicle in disrepair can impact someone’s ability to work and support their family,” Bires said. However, with rising equipment costs, providing affordable repairs while sustaining the business has been increasingly challenging.
In collaboration with Royal Bank and his loan officer Becky Jensen, Bires applied for the Accelerate Grant to offset expenses for inventory, materials, and supplies, helping him to keep repair costs accessible to the community he serves. “As Your Community Partner, we’re dedicated to supporting and investing in the communities we serve,” said Jensen. “We believe that every dollar invested locally helps strengthen and connect our community. We’re excited to partner with FHLBank Chicago on this initiative to support our local economy and ensure its vitality for years to come.”
Expressing his gratitude, Bires added, “We are so thankful to Royal Bank for this partnership in securing the Accelerate Grant. This support allows us to continue offering high-quality, affordable service to our neighbors. ‘Thank you’ doesn’t even begin to capture my appreciation.”
Royal Bank has a strong history of working with FHLBank Chicago by offering fixed-rate home loan lending using the FHLBank Chicago’s Mortgage Partnership Finance® (MPF®) Program. The mission of FHLBank Chicago is to partner with members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable rate on their investment, and support for community investment activities. The Accelerate Grant funds are intended to assist the growth and development of small businesses in Illinois and Wisconsin, creating economic opportunity in the communities that FHLBank Chicago members serve.
