{"id":10206,"date":"2019-08-09T14:24:53","date_gmt":"2019-08-09T20:24:53","guid":{"rendered":"https:\/\/financenewmexico.org\/?p=10206"},"modified":"2020-10-30T14:44:30","modified_gmt":"2020-10-30T20:44:30","slug":"dreamspring","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/resources\/workshops-resources\/dreamspring\/","title":{"rendered":"DreamSpring"},"content":{"rendered":"<p>A nonprofit organization that increases access to business credit, makes <a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\">loans<\/a> and provides training which enables New Mexico-based&nbsp;<a title=\"Entrepreneur\" href=\"http:\/\/financenewmexico.org\/glossary\/entrepreneur\/\">entrepreneurs<\/a>&nbsp;<!--more-->to realize their dreams.&nbsp;Since 1994, DreamSpring has provided more than 14,000 loans totaling over $142 million to entrepreneurs in 600 New Mexico, Arizona, Colorado, Nevada, and Texas communities.<\/p>\n<p>The small businesses funded by the organization have created or sustained an estimated 20,000 jobs. In 2018, 90 percent of loans issued by the organization went to low-to-moderate income, minority and\/or women entrepreneurs.<\/p>\n<p>.<a href=\"https:\/\/dreamspring.org\/index.html\"><img loading=\"lazy\" class=\"wp-image-10208 alignnone\" src=\"https:\/\/financenewmexico.org\/wp-content\/uploads\/2019\/08\/DreamSpring_LOGOType_1000-300x166.png\" alt=\"\" width=\"262\" height=\"135\"><\/a><\/p>\n<h2>Type of Businesses Served<\/h2>\n<ul>\n<li>Wide variety of businesses, from restaurants and artisans to <a title=\"Manufacturing Industry\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/manufacturing-industry\/\">manufacturers<\/a> and mechanics<\/li>\n<li><a title=\"Loan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan\/\">Loans<\/a> for nonprofits<\/li>\n<\/ul>\n<h2>Stage of Businesses Served<\/h2>\n<ul>\n<li><a title=\"Start-Up Business\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/start-up-business\/\">Start-ups<\/a><\/li>\n<li><a title=\"Established Business\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/established-business\/\">Established businesses<\/a>&nbsp;(Defined as operational for at least 6 months)<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Funding Style<\/strong><\/span><\/p>\n<ul>\n<li><a title=\"Loan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan\/\">Loans<\/a><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Funding Range<\/strong><\/span><\/p>\n<ul>\n<li><a title=\"Loan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan\/\">Loans<\/a>&nbsp;from $1,000 to $2,000,000<\/li>\n<\/ul>\n<p><strong>Online Loan Application<\/strong><br \/>\nStart an online application <a href=\"https:\/\/flare.dreamspring.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a><\/p>\n<h2>Applicant Requirements<\/h2>\n<ul>\n<li>Strong commitment to managing the credit provided<\/li>\n<li>Strong commitment to the business and its development<\/li>\n<li>For <a title=\"Loan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan\/\">loans<\/a> $35,000+, <a title=\"Business Plan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/business-plan\/\">business plan<\/a>, three years of personal or business tax returns<\/li>\n<li>With strong FICO scores, loans up to $40,000 can be unsecured<\/li>\n<\/ul>\n<h2>Resources Provided<\/h2>\n<ul>\n<li>Financial literacy training<\/li>\n<li>Credit review for applications<\/li>\n<li>Technical assistance referrals<\/li>\n<li><a title=\"Mentor\" href=\"http:\/\/financenewmexico.org\/glossary\/mentor\/\">Mentorship<\/a> opportunities for clients<\/li>\n<\/ul>\n<h2>Contact<\/h2>\n<p><a href=\"http:\/\/www.dreamspring.org\">www.dreamspring.org<\/a> or 1-888-265-5676<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nonprofit organization that increases access to business credit, makes loans and provides training which enables New Mexico-based&nbsp;entrepreneurs&nbsp;<\/p>\n","protected":false},"author":7,"featured_media":10715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[332,330],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10206"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=10206"}],"version-history":[{"count":24,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10206\/revisions"}],"predecessor-version":[{"id":10714,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10206\/revisions\/10714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media\/10715"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=10206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=10206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=10206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}