BEAF Loan Application

Please consider the following before submitting your BEAF Loan application;

Applicants must be a member in good standing of the Downtown Danville Partnership. For more information about becoming a member, click here.
Any project that is underway or completed prior to approval from the committee is ineligible.
Employees of the Town of Danville (full-time and part-time employees and members of the Town Council) and their immediate family members, as individuals or as principal agent or owner/co-owners of a business, are not eligible to apply for façade grant funds or BEAF loan funds.
Applicants approved for Façade Grants or BEAF Loans may not apply for additional funds for a period of one (1) year after distribution of awarded funds. Façade Grant funds have a maximum of $5,000 per grant and cannot exceed $7,500 in a two-year cycle.
All projects must be completed within one (1) year of fund distribution.

Download the BEAF Loan brochure to learn more >>

Contact Information

Name *

Title

Company / Business Name *

Company / Business Address *

Email Address *

Confirm Email

Phone Number *

Company/Business Website

Project Proposal

Type of Service/Product *

Service Provider Contact Information *

If hiring a consultant/contractor, please upload a copy of a Letter Of Commitment, estimate, or contract using the file upload below.

Letter of Commitment, Estimate, or Contract

Click or drag a file to this area to upload.

Scope of Work / Specific Project Goals *

Proposed Outcomes for Business *

Please describe how the proposed project will build capacity and/or economic stability of your business.

Proposed Outcomes for Downtown Danville *

Please describe how the proposed project will contribute to the economic or cultural vibrancy of Downtown Danville and/or promote a positive Downtown Danville image/brand.

Economic Impact *

Please describe the economic impact this project will have on Downtown Danville, including--but not limited to--job creation

Company/Business Profile *

Please provide a profile or description of your company/business, as well as brief bios of the project team or staff. Include relevant experience related to implementation of this project, as well as experience aimed at growing or sustaining a small business.

Project Budget

Total Cost of Proposed Project *

Total Amount Requested from BEAF *

Line Itemized / Cost Breakdown of Project Budget *

Other Committed Sources of Project Funding

Repayment Proposal (See General Loan Guidelines) *

Please take into consideration when making your proposal that partial funding may be awarded/loaned.

Supporting Document Checklist

Please upload the following documents with your application.

Letters of Support

Click or drag files to this area to upload. You can upload up to 5 files.

Including from any required personal guarantor for loans. Please submit only .doc or .pdf files.

Media / Press Releases

Click or drag files to this area to upload. You can upload up to 5 files.

Please submit only .doc or .pdf files.

Business Plan *

Click or drag a file to this area to upload.

Please submit only .doc or .pdf files.

Profit / Loss Statements *

Click or drag files to this area to upload. You can upload up to 5 files.

DSC Ratio - Borrowers for loan program must be able to demonstrate ability to generate Net Operating Income, before taxes and debt service at 1.2:1.00 of debt service for the aggregate of debt amount outstanding. Please submit only .doc, .xls, or .pdf files.

Insurance *

Click or drag a file to this area to upload.

Any collateral provided for a loan, consisting of real assets (inventory and/or equipment) should be insured in accordance with prescribed requirements. Please submit only .doc or .pdf files.

Credit report upon request of the Loan Review Committee *

Click or drag a file to this area to upload.

Please submit only .doc or .pdf files.

Design Review Approval *

Click or drag a file to this area to upload.

Please submit only .doc or .pdf files.