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Click ‘Get Form’ to open the SBIF application form in the editor.
Begin by filling out the 'Applicant Information' section. Provide your name, mailing address, contact phone, email, and business name if applicable. Ensure all details are accurate for effective communication.
In the 'Applicant Type' section, check the appropriate boxes that define your status as a Small Business Owner or Property Owner. This helps categorize your application correctly.
If you identified as a Small Business Owner/NFP, complete the relevant questions about your business category, years in business, and property ownership status.
For Property Owners or Landlords, answer questions regarding property title and tenant information to provide clarity on your ownership status.
Proceed to the 'Project Construction and Budget Information' section. Describe your project and provide an itemized budget estimate for each work item planned.
Complete the 'Project Financing' section by indicating any existing funding sources and whether you need assistance securing loans for construction.
Finally, review all sections for accuracy before signing in the 'Applicant Certification' area. Ensure you understand the SBIF Program Rules before submission.
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The SBIF has proven to be an effective and vital tool for supporting the Banks comprehensive approach to SME growth and development. By pooling donor resources into one fund, the SBIF allows for tailored SME engagements that prioritise impact and build synergies between the Banks financial and advisory product offer.
What is the maximum SBIF loan amount?
The plan also included program enhancements including increasing the maximum grant amount to $150,000 for commercial projects and $250,000 for industrial projects, reimbursing commercial projects up to 90% of project costs, and much more robust program marketing.
What is the SBIF program in Chicago?
The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs across the city.
How does SBIF promote economic development?
Launched in 1999, the City of Chicagos Small Business Improvement Fund (SBIF) promotes economic development by providing small businesses and landlords with reimbursement grants for permanent building improvement costs. Residential projects are not eligible.
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Mar 3, 2025 The SBIF is a program that Chicago uses to give grants to relatively small businesses who want to fix their buildings, make repairs, to improve the look of
SBIF Paper Application - Updated Formatting 8.5.25
Potential applicants who wish to apply for SBIF funds for more than one property must submit separate applications for each property. 1. Applicant Name (
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