Waukesha State Bank is proud to announce its partnership with the Federal Home Loan Bank of Chicago (FHLB Chicago) to award a $25,000 Community First® Accelerate Grant to Waukesha small business Karen For Hair LLC.
“Small businesses are vital members of our community and provide valuable products and services that contribute to our local economy,” stated Waukesha State Bank President & CEO Ty Taylor. “It was an honor partnering with the FHLB Chicago to provide this opportunity for Karen For Hair LLC.”
Small businesses are facing challenges with growing or enhancing their operations due to surging borrowing costs in a high-interest rate environment. In response to this need, the FHLB Chicago awarded Accelerate Grants for a second year to support a variety of purposes, including the purchase or improvement of property, equipment, workforce development, and technology. FHLB Chicago member banks, credit unions, insurance companies, and community development financial institutions submitted grant applications on behalf of eligible small businesses.
Karen For Hair LLC will use the grant to install an ADA accessible ramp and invest in parking lot resurfacing to better serve their clients with disabilities.