The partnership provides capital and resources to advance business goals for new and established practices
Golden, CO & Albuquerque, NM (December 1, 2022) – Associated Bodywork & Massage Professionals (ABMP), Associated Skin Care Professionals (ASCP), and Associated Hair Professionals (AHP) announce today their official partnership with DreamSpring to provide financial support and resources for wellness and beauty professionals.
ABMP and its sister associations are national membership organizations that focus on providing benefits, discounts, education, legislative advocacy, and more to growing the health, wellness, and beauty industries. Through DreamSpring — the award-winning nonprofit Community Development Financial Institution (CDFI) that increases access to credit, makes loans, and provides support for entrepreneurs — the associations are paving a path to financial equity and small business loans.
“We’re proud to partner with DreamSpring and offer their array of support to our members,” explains Les Sweeney, President of ABMP, ASCP, and AHP. “Their mission and services provide resources and support for entrepreneurs who don’t typically fit a traditional lending profile and open doors that may otherwise feel out of reach. Many of our members hope to start their own practice someday or grow their businesses to a more sustainable level. This partnership allows those dreams to become a reality.”
Taylor Symone, ASCP member, DreamSpring client, and owner of Touch-N-Skin day spa in Dallas, TX
The partnership is designed to connect wellness and beauty professionals with the capital they need to fund their businesses, while building credit and expanding business networks along the way. ABMP’s members can access DreamSpring’s resources and support through a portal on their website.
“ABMP, ASCP, and AHP are ideal partners in empowering bodywork, massage, esthetician, and hair professionals to unleash their potential,” says Anne Haines, President & CEO of DreamSpring. “Together, we’re building an ecosystem of accessible capital and small business support so that wellness and beauty professionals can shape their futures, nurture their clients, and vitalize their communities.”
Partnership products include a pre-approved Power Line of Credit (a fixed-rate, 24-month revolving line of credit) with special terms for association members, as well as a variety of small business loans. Applications can be completed online or with in-person support from lenders who are experienced in navigating diverse financial realities. For more information on the ABMP-DreamSpring partnership, to apply for a loan, or to learn more about the financial products available to entrepreneurs, contact DreamSpring at DreamSpring.org or 1-800-508-7624.
Associated Bodywork & Massage Professionals (ABMP) is a leading national membership organization for massage and bodywork professionals for more than 25 years. ABMP exists to provide support to its members through benefits, discounts, education, legislative advocacy and more. The expansive list of members practice more than 300 modalities in a variety of settings, and their continued education allows them to be experts in the latest trending modalities. The organization provides a variety of resources for its members, including our editorial publication, Massage and Bodywork Magazine, and our podcast.
DreamSpring is a nonprofit community lender dedicated to eliminating systemic wealth inequities and accelerating the economic inclusion and strength of underserved communities. Founded in 1994, the organization operates in 27 states, providing rapid access to capital and customized wrap-around support to the most vulnerable small business owners, focusing on communities including people of color, women, low- to moderate-income earners, people with disabilities, and start-ups. To date, DreamSpring has issued more than 42,000 loans totaling over $465 million to small businesses that support an estimated 72,000 jobs. Learn more at DreamSpring.org.