City of Chicago Department of Planning & Development,
The 30th, 31st, and 36th,Ward Alderman are pleased to announce the availability of Small Business Improvement Fund (SBIF) Grants for the Belmont-Central district.
Eligible expenses for a SBIF grant include, but are not limited to:
- New windows, floors or roof
- Sign removal and replacement
- Tuck pointing
- New heating, ventilation and air conditioning
- Improvements to accommodate disabled patrons or workers
- Purchase of adjacent property for building expansion or parking
SBIF grants are provided to property owners after remodeling work is completed and all expenses are paid. Residential property, residential components of a mixed-use building, and property leased to certain businesses are not eligible for the program. If you are not sure, contact us and ask. Vacant business property is eligible, but grants are not paid until the space is occupied by a business tenant.
Applications received during official Application Acceptance Periods are selected on a first-come-first -served basis upon closing of the Application Acceptance Period, unless a lottery is needed in a district. Applications received outside of official Application Acceptance Periods will not be considered. The grant is processed by SomerCor 504, Inc., a federally certified Small Business Administration lender.
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