How long is the application process?

We recommend up to an hour to complete the online application. You may save time by having your documents prepared and ready when you start. Here are the documents you may need based on the loan request amount: https://www.dreamspring.org/application-readiness#start-now

Once your application is complete, our team will review, and may ask you for additional information. Your response times to these inquiries can impact how long it takes to get a decision.

Other factors that impact the time it takes to receive a decision include the loan request amount (if collateral is required), and the type of loan you are applying for. For example, the process for SBA Community Advantage and Commercial Real Estate (typically a larger loan request amount), will take longer than a micro-loan that does not require collateral.