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 (please see the “SBIF Contacts” menu on the right side of this webpage for the individual e-mail addresses of members of the SBIF team), 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
Washington Park (map) Jul 19, 2017 Aug 18, 2017
West Irving Park (map) Jul 27, 2017 Aug 28, 2017
Read/Dunning (map) Aug 1, 2017 Aug 31, 2017
79th Street Corridor (map) Aug 1, 2017 Aug 31, 2017
Galewood/Armitage (map) Aug 1, 2017 Aug 31, 2017
35th/Halsted (map) Aug 1, 2017 Aug 31, 2017
35th/Wallace (map) Aug 1, 2017 Aug 31, 2017
79th/Vincennes (map) Aug 1, 2017 Aug 31, 2017
Northwest Industrial Corridor (map) Aug 2, 2017 Sep 1, 2017
Bronzeville (map) Sep 1, 2017 Sep 29, 2017
Armitage/Pulaski (map) Sep 1, 2017 Sep 29, 2017
Humboldt Park (map) Sep 1, 2017 Sep 29, 2017
All Districts Opens Closes
111th/Kedzie
119th & I57 (map) May 1, 2017 May 31, 2017
119th/Halsted (map) May 1, 2017 May 31, 2017
24th/Michigan (map) Feb 1, 2017 Mar 1, 2017
35th/Halsted (map) Aug 1, 2017 Aug 31, 2017
35th/Wallace (map) Aug 1, 2017 Aug 31, 2017
43rd/ Cottage Grove
43rd/Cottage Grove (map) Nov 1, 2016 Nov 30, 2016
47th/Ashland (map) Nov 1, 2016 Nov 30, 2016
47th/Halsted (map) Jul 3, 2017 Aug 1, 2017
47th/King
47th/King (map) Nov 1, 2016 Nov 30, 2016
47th/State (map) Feb 2, 2015 Mar 4, 2015
47th/State (map) Mar 1, 2017 Mar 31, 2017
53rd Street
63rd/Ashland (map) May 1, 2017 May 31, 2017
63rd/Pulaski (map) Mar 18, 2016 Apr 18, 2016
79th Street Corridor (map) Aug 1, 2017 Aug 31, 2017
79th/Southwest Highway (map) May 1, 2017 May 31, 2017
79th/Vincennes (map) Aug 1, 2017 Aug 31, 2017
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) Apr 1, 2017 May 1, 2017
Addison North (map)
Archer/Central (map) Feb 1, 2017 Mar 1, 2017
Archer/Western (map) Mar 24, 2017 Apr 24, 2017
Armitage/Pulaski (map) Sep 1, 2017 Sep 29, 2017
Austin Commercial (map) Apr 1, 2015 Apr 30, 2015
Avalon Park/South Shore (map) Mar 11, 2016 Apr 11, 2016
Avondale (map) Dec 1, 2016 Jan 4, 2017
Belmont/Central (map) Jun 15, 2016 Jul 15, 2016
Belmont/Cicero (map) Dec 1, 2016 Jan 4, 2017
Bronzeville (map) Sep 1, 2017 Sep 29, 2017
Bryn Mawr/Broadway (map) Dec 2, 2013 Jan 6, 2014
Bryn Mawr/Broadway (map) Oct 3, 2016 Nov 1, 2016
Central West (map) Feb 1, 2017 Mar 1, 2017
Chicago/Central Park
Chicago/Kingsbury
Cicero/Archer (map) Feb 1, 2017 Mar 1, 2017
Clark/Montrose (map) Apr 1, 2017 May 1, 2017
Clark/Ridge (map) May 1, 2017 May 31, 2017
Commercial Avenue Jan 3, 2014 Feb 3, 2014
Commercial Avenue (map) Oct 3, 2016 Nov 1, 2016
Devon/Sheridan (map) Jun 2, 2014 Jul 1, 2014
Devon/Western (map)
Division/Homan (map) Dec 1, 2016 Jan 4, 2017
Elston/Armstrong (map) Apr 1, 2016 May 2, 2016
Ewing Avenue Jan 3, 2014 Feb 3, 2014
Fullerton/Milwaukee (map) Feb 18, 2016 Mar 21, 2016
Galewood/Armitage (map) Aug 1, 2017 Aug 31, 2017
Goose Island (map) Apr 1, 2015 Apr 30, 2015
Greater Southwest Industrial (East) (map) May 1, 2017 May 31, 2017
Greater Southwest Industrial (West) (map) May 1, 2017 May 31, 2017
Harlem Industrial (map) Jun 1, 2017 Jun 30, 2017
Hollywood/Sheridan (map) Jul 3, 2017 Aug 1, 2017
Humboldt Park (map) Sep 1, 2017 Sep 29, 2017
Irving/Cicero (map) Mar 1, 2017 Mar 31, 2017
Jefferson Park (map) Mar 1, 2017 Mar 31, 2017
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) Feb 11, 2016 Mar 11, 2016
Lawrence/Broadway (map) Apr 1, 2015 Apr 30, 2015
Lawrence/Broadway (map) Jul 3, 2017 Aug 1, 2017
Lawrence/Kedzie (map) Jun 24, 2015 Jul 24, 2015
Lawrence/Pulaski (map) Apr 6, 2017 May 8, 2017
Lawrence/Pulaski (map)
Lincoln Avenue (map) Oct 3, 2016 Nov 1, 2016
Little Village (map) Aug 1, 2016 Aug 31, 2016
Madison/Austin (map) Apr 1, 2015 Apr 30, 2015
Michigan/Cermak (map) Jun 1, 2017 Jun 30, 2017
Midway Industrial Corridor (map) Jul 13, 2017 Aug 14, 2017
Midwest (map) Mar 1, 2017 Mar 31, 2017
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) Sep 1, 2016 Sep 30, 2016
Northwest Industrial Corridor (map) Aug 2, 2017 Sep 1, 2017
Ogden/Pulaski (map) Jul 3, 2017 Aug 1, 2017
Peterson Pulaski
Peterson/Pulaski (map) Oct 3, 2016 Nov 1, 2016
Pilsen Industrial Corridor (map) Jul 7, 2017 Aug 7, 2017
Portage Park (map) Mar 1, 2017 Mar 31, 2017
Pulaski Industrial (map) Jul 1, 2016 Aug 1, 2016
Ravenswood Corridor (map)
Read/Dunning (map) Aug 1, 2017 Aug 31, 2017
River West (map) Feb 1, 2017 Mar 1, 2017
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) Feb 1, 2017 Mar 1, 2017
Stockyards Annex (map) Jun 1, 2017 Jun 30, 2017
Stockyards Southeast Quadrant (map) Jan 4, 2017 Feb 2, 2017
Stony Island/Burnside (map) Oct 3, 2016 Nov 1, 2016
Touhy/Western
Washington Park (map) Jul 19, 2017 Aug 18, 2017
West Irving Park (map) Jul 27, 2017 Aug 28, 2017
West Woodlawn (map) Jun 1, 2017 Jun 30, 2017
Western Avenue North (map) Nov 1, 2016 Nov 30, 2016
Western Avenue South (map) Jul 3, 2017 Aug 1, 2017
Western/Ogden (map) Jul 3, 2017 Aug 1, 2017
Western/Rock Island
Wilson Yard (map) Apr 1, 2017 May 1, 2017
Woodlawn
Woodlawn (map) Jan 5, 2015 Feb 4, 2015

Contact Us

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

Springfield Office
3201 W White Oaks Dr, Springfield, IL 62704
P: (217) 793 1075   Email

SBIF Gram Newsletter

Latest SBIF announcements from our monthly newsletter
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