Closes in 12 daysChicago (rotating TIF districts), IL

Small Business Improvement Fund (SBIF)

From City of Chicago DPD. administered by SomerCor

Amount: Up to $150,00030% to 90% of remodeling costs, up to $150,000 (commercial) or $250,000 (industrial)
Deadline: Closes Oct 30, 202612 days left
Where: Chicago (rotating TIF districts), IL
Match needed: Pays you back
Effort: Big jobA full proposal and several steps.

The link goes to chicago.gov.

Tenants and owners of commercial (sales up to $9M) or industrial (up to 200 FTE) properties in TIF districts with an open monthly SBIF window. Closes Oct 30, 2026. 12 days left

Who can apply

Tenants and owners of commercial (sales up to $9M) or industrial (up to 200 FTE) properties in TIF districts with an open monthly SBIF window
October: Englewood, Greater SW Industrial (East), South Chicago, Stevenson/Brighton, Pilsen Industrial

Any industry

Can a small business win this?

Not competitive: eligible applicants who follow rules are funded, which is rare.

Before you apply

Check the monthly rollout calendar: November opens Nov 1 for Lawrence/Broadway, Little Village East, Midwest, Pulaski Corridor and Stockyards SEQ.

Heads up

This date is the October district window. The next window is Nov 1 to 30.

Checked on chicago.gov, Oct 18 (opens in a new tab)

Report a problem

This is a summary. The official page has the final word.

Similar grants

Commercial Corridor Storefront Activation (CCSA): No cap listed
Renew the Avenue Business Grants (facade, interior, social media): Up to $5,000
Spaces to Places Program (vacant storefront rent grant): Up to $15,000

Common questions

How much is Small Business Improvement Fund (SBIF)?

Up to $150,000. The full line is: 30% to 90% of remodeling costs, up to $150,000 (commercial) or $250,000 (industrial). Highest figure stored: $150,000.

When can I apply for Small Business Improvement Fund (SBIF)?

The deadline on file is 2026-10-30. Check the official page before you apply. Dates move.

Who can apply for Small Business Improvement Fund (SBIF)?

Tenants and owners of commercial (sales up to $9M) or industrial (up to 200 FTE) properties in TIF districts with an open monthly SBIF window. October: Englewood, Greater SW Industrial (East), South Chicago, Stevenson/Brighton, Pilsen Industrial.

Does Small Business Improvement Fund (SBIF) require matching funds?

Yes. You need to put in some of your own money or another match.

Where was Small Business Improvement Fund (SBIF) checked?

Checked on 2026-10-18 at https://www.chicago.gov/city/en/sites/small-business-improvement-fund/home.html. The official page wins if we disagree.