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We're here to provide the funds you need — quickly and easily.

Whether you’re just starting out or growing your small business, access to capital is key to your success. With a range of loan products and sizes, technology to streamline the application process, and a dedicated team to help you understand your options, we offer small business loans that work for you.

What makes DreamSpring different?

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Our mission is at the heart of our lending.

Every day, we work to increase access to business credit, make loans, and provide training and support that enables entrepreneurs to realize their dreams and be catalysts for positive economic and social change.

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We care about your small business.

We offer loans to strengthen your business and build your credit and our team can connect you to business advisors, subject-matter experts, and entrepreneurial resources. There is no fee to apply for a DreamSpring loan and we will work to provide the best options for you and your small business.

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Your financial health is our priority.

If you recently received a DreamSpring loan, we will take this under consideration during the underwriting process. We want to ensure your financial health and small business success.

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Am I ready?

You're not alone.

We understand applying for a loan can be a big decision, and we’re here to make it as easy as possible. Our online process allows you to complete the application with ease, and our team is available to answer questions, review your options, and provide support along the way.

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You have questions.
We have answers.

Our FAQ page provides answers to commonly asked questions about our loan process. Here you’ll find information about documentation, qualifications, and your rights as a small business owner.

FAQs >

Will I qualify?

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We want to help your business grow.

To qualify for a DreamSpring loan, you must meet the following eligibility requirements:

  • Be over the age of 18.
  • You must have a Social Security Number (SSN) or Tax Identification Number (ITIN).
  • Want to start or grow a business. (We don't offer personal loans.)
  • Business must be located in one of the states we serve: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Mississippi, Nebraska, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, and Wyoming.
  • For return applicants, recent DreamSpring loans will factor into our decisioning.

What products does DreamSpring offer?

We have a loan for you.

With affordable rates, clear terms, and flexible products, we have a loan product for you. Our term loans range from $1,000 to $2,000,000 and we also have lines of credit to provide the type of funding you need.

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Power Line of Credit

The DreamSpring Power Line is a fixed-rate, 24-month revolving line of credit that business owners can use to fund business needs and goals as they emerge during the course of normal business operations. The line is generally unsecured, but collateral can be applied for a potential interest rate discount.

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Line of credit range¹: $1,000 to $50,000

Revolving term: Up to 24 months

Interest rate: 15.75% - 26.75%

Credit score: 600+

Community benefit fee: 2% - 10% (due at origination)

APR²: max of 36%

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate, including all interest and fees charged.

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Small Business Loan

For entrepreneurs just getting started, to established businesses looking to grow, we offer a wide range of term loan options that we customize based upon your needs.

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Loan range¹: $1,000 - $250,000+

Term: 24-72 months

Unsecured options under $50,000

Credit score: 600+

Interest rate: 10.74% - 30.74%

Community benefit fee: 5% - 10%

APR²: 14.1% - 36%

 

Individual taxpayer identification number accepted

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate including all interest and fees charged.

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Fast Forward Project Loan

The 0% Fast Forward Project Loan helps project-based contractors in New Mexico and Texas get new initiatives off the ground. To qualify for this unsecured loan, funded by the U.S. Economic Development Administration, borrowers must submit a project’s total estimated cost and cost breakdown, a fully-executed contract, and profit projection.

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Loan range¹: $2,500 to $10,000

Term: 1 to 3 months

Interest rate: 0%

Credit score: 650+

Community benefit fee: 2.25% - 3.5% (due at origination)

APR²: max of 36%

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate, including all interest and fees charged.

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#TrueGrit Growth Loan

The #TrueGrit Growth Loan, funded by a generous grant from Wells Fargo, supports entrepreneurs from diverse backgrounds facing the road to recovery following the Covid-19 crisis. With generous and flexible terms, this unsecured, low-interest, fixed-rate loan helps small business owners rebuild their businesses and position for long-term growth.

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Loan range¹: up to $10,000

Term: 24 months

Interest rate: 2.5% - 3%

Credit score: 600+

Community benefit fee: 0%

APR²: max of 36%

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate, including all interest and fees charged.

³Up to six months of interest-only payments to start repayment are available.

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SBA Community Advantage

Financing with a guarantee from the U.S. Small Business Administration to help new and existing small business owners access capital.

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Loan range¹: $50,000 - $350,000

Term: 5 - 10 years

Options for limited collateral

Credit score: 650+

Interest rate: Prime + 6% (simple annual)

Collateral is required

Must be eligible to receive SBA-guaranteed financing

Available in AZ, CO, NM, NV, and TX

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate including all interest and fees charged.

Apply now
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Commercial Real Estate

For experienced entrepreneurs looking to purchase a location for their business, we offer owner-occupied commercial real estate business loans.

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Loan range¹: $50,000 - $2,000,000

5-year term; 25-year amortization

Fixed-interest pricing

Credit score: 650+

Interest rate: 7.5% - 14.25%

Community benefit fee: 2% - 5%

APR²: 9% - 15%

Must be 51% owner-occupied

Available in AZ, CO, NM, NV, and TX

¹In certain states, minimum loan amounts may be greater than stated.

²Annual percentage rate (APR) is the cost of borrowing money expressed as an annual rate including all interest and fees charged.

Apply now
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Credit Starter Loan

Don’t let a limited credit history hold you back. DreamSpring provides an interest-free option that can help you establish credit and improve your financial health.

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The Credit Starter loan is a $500 loan for business owners seeking to build credit history.

Credit Starter offers a 6-month term at 0% interest.

No application fee, and just a $25 Community Benefit Fee to get your approved loan started.

Successfully repay your Credit Starter loan to improve your credit and apply for additional funding.

Easy process. Quick approval.

 

Credit Starter loans are not available in California, Georgia, Nevada, New York, or Ohio.

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Credit Builder Loan

Repair your credit score and launch the next phase of your financial journey. DreamSpring's Credit Builder loan provides an interest-free option that can help you rebuild positive credit and improve your financial health.

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The Credit Builder loan is a $200 loan available to entrepreneurs who have a credit score below 600.

Credit Builder offers a 6-month term at 0% interest.

No application fee, and just a $10 Community Benefit Fee to get your approved loan started.

By making regular payments over six months, you can raise your credit score. DreamSpring reports to credit bureaus, so your on-time payments will help rebuild your credit history.

Easy process. Quick approval.

 

Credit Builder loans are not available in California, Georgia, Nevada, New York, or Ohio.

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How do I apply?

Let's get started.

You can start our online loan application securely from your computer or mobile device. From there, you’ll share information about you and your small business. Based on the information you share, we’ll provide a decision with rates, terms, and details. You can finalize the loan process and sign your loan documents online. We’ll then send the money you need for your business!

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Where we fund
entrepreneurial dreams

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Do you still have questions?

You can contact our team with questions or concerns.
We’re available at info@DreamSpring.org or 1-888-265-5676.