Dreamspring Review (April 2026)
Award-winning, nonprofit org increasing access to credit, loans. DreamSpring provides community support to help entrepreneurs realize their dreams.
Award-winning, nonprofit org increasing access to credit, loans. DreamSpring provides community support to help entrepreneurs realize their dreams.
What is Dreamspring's Revenue?
Dreamspring's estimated revenue is $14M.
What does Dreamspring do?
Award-winning, nonprofit org increasing access to credit, loans. DreamSpring provides community support to help entrepreneurs realize their dreams.
Dreamspring has been an outstanding…
Dreamspring has been an outstanding financial ally. Their customer service has been nothing but professional and pleasant. Ikechi U. has been the most professional lending officer that I have dealt with in sometime . I appreciate his dedication to helping all of his customers.
Predatory lending to its core!
Predatory lending to its core. They prey on small business owners with the "joint responsibility" of the loan, so even if your business folds due to the current economic policies in the US, YOU are left with no restructuring of the loan to continue to make your payments AND feed your family. They said my debt to income ratio showed me negative income and they could not move forward with a restructured payment, only to send me a letter that they would be SUING me for the debt. Never mind I continued to struggle yet paid it for months even after my business folded, just for them to decide I didn't have enough income for a lowered payment, but enough to SUE ME! POS company, don't EVER do business with DreamSpring! I've already put my CFPB complaint in, wish I would have NEVER done business with them. They've already recouped the entire $10k upfront with interest with very little going to the principal, scoundrels.
THIS COMPANY LIES ABOUT NO FEES and APR.
THIS COMPANY LIES ABOUT NO FEES. I FILLED OUT THEIR APP. AND AT THE END THEY WANTED TO CHARGE ME AN IDENTIFICATION FEE. THEN I FOUND OUT OUTRAGEST APR. FEES. THANK BUT NO THANK YOU. WHAT A waste of time... AND CHFA REFERED ME TO THEM!!!!!
Dreamsprings policies do not align with small business owners and their needs!
I bought my first food truck back in 2015 with a $12,000 loan I got through Dreamspring. At that time the company was called Accion, and I was glad to have found them. From 2015-2023, I expanded my business and refinanced my loan two times. I never once had a missed or late payment from June 2015- July 2023. Around July of 2023, my business fell on hard times. The debt we amassed during the pandemic, inflation and moving from truck to restaurant put a strain on my business. I reached out to Dreamspring for help when I couldn’t make my payment on time. It was the first time this had EVER happened so I assumed they would be helpful. I WAS WRONG. I put on a request for a callback because they still weren’t answering the phones at that time due to COVID changes. I put in a second, third and fourth request. No callback. No response. I missed my payment and went into default. This started a whirlwind of issues that lead to my loan being sent to collections by the end of the year. I tried my absolute best to catch up, but I couldn’t. I made several payments and tried to keep in touch with Dreamspring for help, but all of my efforts were for nothing. They ignored my calls and emails and just simply never responded. Now my loan has moved to UCB, a collections company but Dreamspring still holds my collateral. UCB calls me nonstop, even after I’ve made a payment for the month, just to “try to secure another payment for the next month”. They also added at $9,000 “collections fee” to my loan. This was hard on my business but the worst was yet to when my food truck was stolen in March and Dreamspring decided to take 100% of the total loss settlement. Yes that’s right, one of the main sources of my income was stolen from me and Dreamspring took 100% of the payout from my insurance. For collateral purposes, Dreamspring had valued the truck at less than 18k but WITHOUT COMMUNICATING WITH ME, they took the entire $36,000 payout we were set to receive. We expected them to take most of it but not all of it. Now I cannot even consider getting another truck to supplement that income. And why? I’ve been a perfect customer for 8 years. I took out and refinanced multiple loans totaling over 175,000. I always paid on time and never missed a payment until July of 2023 at which time I asked Dreamspring for help. Instead of working with me and helping me and my small business, they ignored my calls for help, put my loan in default, sent me to collections and then took 100% of a settlement from my stolen food truck. And now that that settlement has paid more than half of our loan off, I asked if Dreamspring might be able to help with lowering our payments a bit? Nope. I asked. They ignored me for 2 weeks and after I followed up, they finally responded and said NO. I’ve referred many small businesses over the years, I worked with Dreamspring at the Denver Start Up Week, speaking and serving food. I paid my loan on time every time for 8 years and when I needed help, DREAMSPRING let me down. Their new policies do not align with small business owners and I caution all small business owners when considering using Dreamspring. They are widely recommended in my city so I have already begun sharing my bad experience with the folks I’m working with at The City of Denver and CEDS to let them know of my concerns. I understand COVID changed things but small business owners need support more than ever now. Unless you can be sure you’ll never struggle and need to ask Dreamspring for help, I recommend you use a different company for your loan needs.
STAY AWAY!!!
I recently applied with this company, and it was declined alone for no logical or detailed reason. They never called me to explain to me why I got denied. My credit couldn’t have been pulled because they were frozen and I was waiting for them to hit me back so that I can unfreeze on my credit report. There was no explanation whatsoever. All they did was send me an email mentioning that they didn’t want to move forward with my application. I don’t know why they say they are LGBTQ friendly, but I think they were discriminating against my business. I am a healthcare professional, and I am a Massage therapist and I only cater to the LGBTQ community. I think it is a disrespect to just email someone without explaining to them why they got denied. I make a good amount of income a month and there is nothing wrong with my business. They didn’t even check my credit, so not sure what the reason was.
Terrible service
No response despite email attempts. They offered me a conversion to a term loan from my line of credit, which I accepted. I supplied all required information and have heard nothing. Despite the fact that I selected the term loan option, they went ahead and assessed me a line of credit fee, then almost immediately started collection calls for the payment of the line of credit fee. Very dissatisfied with this organization.
No response to refinance questions
I received a line of credit from Dream Springs. I have been trying to reach them for over a week. I have sent e-mails and left several voicemail. They have been unresponsive and when you call. You are put on hold for a several minute then someone come back with the Loan Officer Team is assisting other clients. I am getting the impress that they are not wanting to refinance nor speak with me about adjusting the payments. They have been assisting other clients for over a week. I wish I knew what I know now then.
Dreamspring is a Predatory Lender…
Dreamspring is a Predatory Lender charging 66% interest on a loan agreement with a 26% rate. No inquiry or requests for refinancing have ever received a response. Dreamspring takes advantage of low income, low credit score, self-employed, gig worker consumers while masquerading as a service to the small business community which in fact they are abusing.
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