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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/NFP or Property Owner/Landlord.
If you selected 'Small Business Owner/NFP', complete the relevant questions about your business, including its category and whether it is a startup.
For those identifying as Property Owners or Landlords, provide information regarding legal title and current tenants at the property.
Next, detail how SBIF funds will be utilized in the 'Project Construction and Budget Information' section. Include a project description and an itemized budget with estimated costs.
Complete the 'Project Financing' section by indicating any existing funding or financing options you may have.
Optionally fill out the 'Additional Applicant Information' for statistical purposes before certifying your application with your signature and date.
Start using our platform today to streamline your SBIF application process for free!
The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs across the city.
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.
How does SBIF impact local communities?
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.
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
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