BEAF Loan Application

Please consider the following before submitting your BEAF Loan application;

  1. Applicants must be a member in good standing of the Downtown Danville Partnership. For more information about becoming a member, click here.
  2. Any project that is underway or completed prior to approval from the committee is ineligible.
  3. 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.
  4. 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.
  5. All projects must be completed within one (1) year of fund distribution.

Download the BEAF Loan brochure to learn more >>

Contact Information

Project Proposal

If hiring a consultant/contractor, please upload a copy of a Letter Of Commitment, estimate, or contract using the file upload below.
Click or drag a file to this area to upload.
Please describe how the proposed project will build capacity and/or economic stability of your business.
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.
Please describe the economic impact this project will have on Downtown Danville, including--but not limited to--job creation
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

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.

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.
Click or drag files to this area to upload. You can upload up to 5 files.
Please submit only .doc or .pdf files.
Click or drag a file to this area to upload.
Please submit only .doc or .pdf files.
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.
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.
Click or drag a file to this area to upload.
Please submit only .doc or .pdf files.
Click or drag a file to this area to upload.
Please submit only .doc or .pdf files.

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