Small Business Improvement Fund

SBIF Districts

SBIF districts are Chicago tax increment financing (TIF) districts where the SBIF program is authorized. The SBIF program is available in roughly half of Chicago’s TIF districts.

SBIF Application Acceptance Periods

To be accepted for possible funding, a SBIF Application Form for a project property must be submitted within a designated open application acceptance period for the TIF district in which the project property is located. Application acceptance period deadlines occur thirty (30) days after a public “roll-out” meeting announcing the availability of new funds or after an announcement via the SBIFGram (the monthly e-mail newsletter for the SBIF program) and on this webpage. Applications for each open TIF district shall be accepted until 5:00 p.m. Central Time on the designated “close” deadline date. Currently open and “on-deck” (soon-to-be-open) districts and their respective application acceptance periods are listed below in the “SBIF-Authorized TIF Districts” section of this webpage.

Applications can be submitted via e-mail to sbif@somercor.com, fax to 312-757-4371, U.S. Mail or other courier service, or hand delivery at 601 S. LaSalle St. #510, Chicago, IL 60605. Applicants are encouraged to contact SomerCor 504, Inc. to confirm receipt of their application after submittal. All applications must be received by SomerCor 504, Inc. by 5:00 p.m. Central Time on the application acceptance period “close” deadline date; any application that is postmarked before the application acceptance period “close” deadline date but not received by SomerCor 504, Inc. by 5:00 p.m. Central Time on the application acceptance period “close” deadline date shall not be accepted for possible funding.

SomerCor 504, Inc. cannot accept an application for a property that is not located in a Chicago TIF district.  SomerCor 504, Inc. cannot accept an application for a property that is located in a Chicago TIF district that does not have a currently open application acceptance period.

The Latest 'New Funding - Roll-Out Meeting'

No upcoming meetings scheduled.

SBIF Lottery

If there are more applicants than available funds can initially accommodate after an application acceptance period closes, then the City of Chicago holds a lottery to determine the order in which applicants may become eligible for funds. Lottery announcements can be found here.

SBIF-Authorized TIF Districts

The following list indicates TIF districts in the City of Chicago where the SBIF has been authorized (“SBIF districts”) and their respective application acceptance periods. All currently open and “on-deck” (soon-to-be-open) application acceptance periods are listed below. If you do not know if your property is located within a SBIF district, please see our “Am I in a SBIF District?” page or submit your inquiry to us (please include your e-mail address) through our online information request form

All Districts Opens Closes
Austin Commercial (map) Nov 1, 2018 Nov 30, 2018
Midwest (map) Nov 1, 2018 Nov 30, 2018
Northwest Industrial Corridor (map) Nov 1, 2018 Nov 30, 2018
Western/Ogden (map) Nov 1, 2018 Nov 30, 2018
Madison/Austin (map) Nov 1, 2018 Nov 30, 2018
Belmont/Central (map) Nov 1, 2018 Nov 30, 2018
Commercial Avenue (map) Dec 1, 2018 Jan 4, 2019
Clark/Montrose (map) Dec 1, 2018 Jan 4, 2019
Humboldt Park (map) Dec 1, 2018 Jan 4, 2019
Pulaski Corridor (map) Dec 1, 2018 Jan 4, 2019
Stockyards Annex (map) Dec 1, 2018 Jan 4, 2019
Lawrence/Broadway (map) Dec 1, 2018 Jan 4, 2019
Stockyards Southeast Quadrant (map) Dec 1, 2018 Jan 4, 2019
63rd/Ashland (map) Dec 1, 2018 Jan 4, 2019
All Districts Opens Closes
111th/Kedzie
119th & I57 (map) Apr 2, 2018 May 1, 2018
119th/Halsted (map) Oct 1, 2018 Oct 31, 2018
24th/Michigan (map) Sep 4, 2018 Oct 3, 2018
35th/Halsted (map) Jul 2, 2018 Jul 31, 2018
35th/Wallace (map) Jul 2, 2018 Jul 31, 2018
43rd/ Cottage Grove
43rd/Cottage Grove (map) Oct 1, 2018 Oct 31, 2018
47th/Ashland (map) Oct 1, 2018 Oct 31, 2018
47th/Halsted (map) Oct 1, 2018 Oct 31, 2018
47th/King (map) Jul 2, 2018 Jul 31, 2018
47th/King (map) Nov 1, 2016 Nov 30, 2016
47th/State (map) Feb 2, 2015 Mar 4, 2015
47th/State (map) Oct 1, 2018 Oct 31, 2018
53rd Street
63rd/Ashland (map) Dec 1, 2018 Jan 4, 2019
63rd/Pulaski (map) Feb 1, 2018 Mar 2, 2018
79th Street Corridor (map) Oct 1, 2018 Oct 31, 2018
79th/Southwest Highway (map) Mar 1, 2018 Mar 30, 2018
79th/Vincennes (map) Oct 1, 2018 Oct 31, 2018
87th/Cottage Grove (map) Jul 1, 2014 Jul 31, 2014
95th & Western
95th/Stony Island (map) May 1, 2014 Jun 2, 2014
Addison Corridor South (map) Jun 27, 2018 Jul 27, 2018
Addison North (map)
Archer/Central (map) Feb 1, 2017 Mar 1, 2017
Archer/Western (map) May 1, 2018 May 31, 2018
Armitage/Pulaski (map) Apr 2, 2018 May 1, 2018
Austin Commercial (map) Nov 1, 2018 Nov 30, 2018
Avalon/South Shore (map) Jan 18, 2018 Feb 19, 2018
Avondale (map) Dec 1, 2016 Jan 4, 2017
Belmont/Central (map) Jan 9, 2018 Feb 8, 2018
Belmont/Central (map) Nov 1, 2018 Nov 30, 2018
Belmont/Cicero (map) Oct 1, 2018 Oct 31, 2018
Bronzeville (map) Oct 1, 2018 Oct 31, 2018
Bryn Mawr/Broadway (map) Dec 2, 2013 Jan 6, 2014
Bryn Mawr/Broadway (map) Apr 2, 2018 May 1, 2018
Central West (map) Oct 1, 2018 Oct 31, 2018
Chicago/Central Park (map) Oct 1, 2018 Oct 31, 2018
Chicago/Kingsbury
Cicero/Archer (map) Oct 1, 2018 Oct 31, 2018
Clark/Montrose (map) Dec 1, 2018 Jan 4, 2019
Clark/Ridge (map) May 1, 2017 May 31, 2017
Commercial Avenue (map) Dec 1, 2018 Jan 4, 2019
Commercial Avenue (map) Oct 3, 2016 Nov 1, 2016
Devon/Sheridan (map) Jun 2, 2014 Jul 1, 2014
Devon/Western (map)
Division/Homan (map) Jun 1, 2018 Jul 2, 2018
Elston/Armstrong (map) Jul 18, 2018 Aug 17, 2018
Ewing Avenue Jan 3, 2014 Feb 3, 2014
Fullerton/Milwaukee (map) Jun 6, 2018 Jul 9, 2018
Galewood/Armitage (map) Oct 1, 2018 Oct 31, 2018
Goose Island (map) Apr 1, 2015 Apr 30, 2015
Greater Southwest Industrial (East) (map) Mar 1, 2018 Mar 30, 2018
Greater Southwest Industrial (West) (map) Sep 4, 2018 Oct 3, 2018
Harlem Industrial (map) Jun 1, 2017 Jun 30, 2017
Hollywood/Sheridan (map) Apr 2, 2018 May 1, 2018
Humboldt Park (map) Dec 1, 2018 Jan 4, 2019
Irving/Cicero (map) Apr 2, 2018 May 1, 2018
Jefferson Park (map) Apr 2, 2018 May 1, 2018
Jefferson/Roosevelt (map) Jun 2, 2014 Jul 1, 2014
Jefferson/Roosevelt (map) Nov 2, 2015 Dec 1, 2015
Kennedy/Kimball (map) Sep 1, 2015 Sep 30, 2015
Kinzie Industrial Corridor (map) Jul 30, 2018 Aug 29, 2018
Lawrence/Broadway (map) Apr 1, 2015 Apr 30, 2015
Lawrence/Broadway (map) Dec 1, 2018 Jan 4, 2019
Lawrence/Kedzie (map) Jun 24, 2015 Jul 24, 2015
Lawrence/Pulaski (map) Apr 6, 2017 May 8, 2017
Lawrence/Pulaski (map)
Lincoln Avenue (map) Apr 2, 2018 May 1, 2018
Little Village (map) Sep 4, 2018 Oct 3, 2018
Madison/Austin (map) Nov 1, 2018 Nov 30, 2018
Michigan/Cermak (map) Oct 2, 2017 Oct 31, 2017
Midway Industrial Corridor (map) Feb 1, 2018 Mar 2, 2018
Midwest (map) Nov 1, 2018 Nov 30, 2018
Near North (map) Nov 2, 2015 Dec 1, 2015
Near West
North Branch North (map) Sep 1, 2015 Sep 30, 2015
North Branch South (map) May 2, 2016 May 31, 2016
North/Cicero (map) Aug 1, 2018 Aug 31, 2018
Northwest Industrial Corridor (map) Nov 1, 2018 Nov 30, 2018
Ogden/Pulaski (map) Nov 1, 2017 Nov 30, 2017
Peterson Pulaski
Peterson/Pulaski (map) May 29, 2018 Jun 28, 2018
Pilsen Industrial Corridor (map) May 1, 2018 May 31, 2018
Portage Park (map) Jul 25, 2018 Aug 24, 2018
Pulaski Corridor (map) Dec 1, 2018 Jan 4, 2019
Ravenswood Corridor (map) Nov 1, 2017 Nov 30, 2017
Read/Dunning (map) Aug 1, 2018 Aug 31, 2018
River West (map) Jul 2, 2018 Jul 31, 2018
Roosevelt/Cicero (map) Jul 1, 2016 Aug 1, 2016
Roosevelt/Homan (map) Feb 19, 2014 Mar 21, 2014
Roosevelt/Jefferson
Roseland/Michigan Jan 3, 2014 Feb 3, 2014
South Chicago (map) Mar 1, 2018 Mar 30, 2018
Stockyards Annex (map) Dec 1, 2018 Jan 4, 2019
Stockyards Southeast Quadrant (map) Dec 1, 2018 Jan 4, 2019
Stony Island/Burnside (map) Aug 1, 2018 Aug 31, 2018
Touhy/Western
Washington Park (map) Sep 4, 2018 Oct 3, 2018
West Irving Park (map) Aug 1, 2018 Aug 31, 2018
West Woodlawn (map) Nov 1, 2017 Nov 30, 2017
Western Avenue North (map) May 1, 2018 May 31, 2018
Western Avenue South (map) May 1, 2018 May 31, 2018
Western/Ogden (map) Nov 1, 2018 Nov 30, 2018
Western/Rock Island
Wilson Yard (map) Apr 1, 2017 May 1, 2017
Woodlawn
Woodlawn (map) Jan 5, 2015 Feb 4, 2015

Contact Us

Chicago Main Office
601 South LaSalle, Suite 510, Chicago, IL 60605 map
P: (312) 360 3300   F: (312) 757 4370   Email

SBIF Gram Newsletter

Latest SBIF announcements from our monthly newsletter
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