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Find similar grantsSmall Business Improvement Fund (SBIF) is sponsored by City of Chicago Department of Planning and Development. Reimbursement grants for permanent building improvements and repairs in TIF‑designated areas across Chicago, supporting property‑based capital improvements.
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Small Business Improvement Fund The . gov means it' official Language Apply Translation Small Business Improvement Fund Small Business Improvement Fund (SBIF) Search a business address to find out if and when SBIF grants will be available in your neighborhood. SBIF grants are available in select districts across the City of up to $150,000 for commercial properties and up to $250,000 for industrial properties.
Frequently Asked Questions Different rules apply for the SBIF program if you're a commercial tenant, a commercial property owner or an industrial business. See the FAQs for more details. Get monthly notifications from the SBIF team on where grant applications will open next.
The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs across the city. Offered by the Department of Planning and Development (DPD)") to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide.
Program participants can receive grants to cover between 30 percent and 90 percent of the cost of remodeling work, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. The grant, which is administered by SomerCor on the City’s behalf, does not have to be repaid. SBIF grants are not awarded on a competitive basis.
Grants are awarded to applicants who meet eligibility criteria and follow program requirements.
* Business properties located in a TIF district where SBIF funds are available and the SBIF is open for applications * Commercial businesses with gross annual sales up to $9 million on average over the previous three years * Commercial property owners with net worth up to $ 9 million and liquid assets up to $500,000 * Industrial businesses with up to 200 full-time employees * Residential projects are not eligible for SBIF grants Learn more about eligibility When are grants available near me?
SBIF applications are submitted during monthly rollout periods for individual TIF districts. Upcoming dates are listed below. **OPENS:**9 a.
m. Sunday, March 1 **CLOSES:**5 p. m.
Monday, March 30 _Informational Webinar_ 1 p. m. Wednesday,March 4 | Video|Presentation **OPENS:**9 a.
m. Wednesday, April 1 **CLOSES:**5 p. m.
Thursday, April 30 _Informational Webinar_ 1 p. m. Wednesday,April 1 | Register **OPENS:**9 a.
m. Friday,May 1 **CLOSES:**5 p. m.
Saturday, May 30 * Pilsen Industrial Corridor _Informational Webinar_ 1 p. m. Wednesday,May 6|Register ### See Full Rollout Calendar DPD offersan online application via the Submittable platform.
A ny questions about the application can be sent to sbif@cityofchicago. org. Any questions about program rules and eligibility can be directed to SBIF program administrator SomerCor at sbif@somercor.
com. Seminario Web Informativo en Español Your feedback will be used to help improve Google Translate
Based on current listing details, eligibility includes: Tenants or owners of commercial or industrial properties in Chicago TIF districts; commercial businesses with gross annual sales up to $9 million and industrial businesses with up to 200 full-time employees. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $150,000 for commercial properties; up to $250,000 for industrial properties Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.