DreamSpring Celebrates 30 Years

    Start Your Application!

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    Whether you're just getting started or run an established business, we are here to help your small business. Prepare for your application by reviewing the items below, or contact our team for support to get started.

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

  • You must be over the age of 18.
  • You must have a Social Security Number (SSN) OR an Individual Tax Identification Number (ITIN).
  • You want to start or grow a business. (We don’t offer personal loans.)
  • Your business must be located in one of the states we serve: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, 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.
  • Minimum credit score of 600.
  • What you’ll need for your loan application

    For the smoothest loan application process, please gather the following information, materials, and documents before getting started: 

    • Your business’ North American Industry Classification System (NAICS) code. (What’s this?) 
    • Your business’ Employer Identification Number (EIN). (What’s this?) 
    • A cellular/smart phone with built-in camera for identity verification. 
    • Your valid government-issued photo ID card for identity verification. We accept a driver's license, passport, Matricula Consular, medical card, U.S. military ID card, or ITIN card. 
    • Your business’ average monthly revenue and expenses (also known as an Income Statement or Profit & Loss Statement). 
    • Two (2) character references; one reference must come from a family member who does not live with you. 
    • Details on any assets you plan on pledging as collateral toward your loan. (What can I use as collateral for a business loan?) 
    • In 2024, DreamSpring implemented an identity verification fee of $25 for all loan applications. This fee covers the costs of conducting an identity verification check --- which protects your information and helps DreamSpring prevent fraud.