The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs across the city.
Donor Name: City of Chicago
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: 12/30/2025
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
Maximum grant of $150,000 for commercial properties and $250,000 for industrial properties.
Eligible Expenses
Most permanent building improvements are eligible for SBIF grants, including:
- Exterior renovations and repairs, including new windows, doors and roofs
- Interior remodeling, including framing, drywall, flooring and ceilings
- Tuck-pointing and masonry repairs
- HVAC, electrical and plumbing system upgrades
- Structural components of new signage
- ADA improvements
- Project-related architectural and construction management fees
- Grant funding to support eligible improvements is provided on a reimbursement basis.
Geographical Areas
SBIF grants are available in eligible TIF districts across Chicago on a regular rollout schedule.
Eligibility Criteria
- 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.
For more information, visit City of Chicago
