The SBIF program uses Tax Increment Financing (TIF) revenues to help owners of commercial and mixed-use properties within specific TIF districts to repair or remodel their property. Program participants can receive matching grants to cover up to 75% of the cost of remodeling work, with a maximum grant amount of $100,000 per owner/tenant of multi-tenant properties with no more than $250,000 overall per property.
SBIF grants are provided to property owners after remodeling work is completed and all expenses are paid. Our team has experience assisting businesses with the SBIF program, so please reach out to us for assistance. Find out more information at www.somercor.com/SBIF.