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    Affordable financing for
    New York small businesses

    Funding business dreams,
    revitalizing communities

    Connect with a Local Lender
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    Who we serve in New York

    Since 2020, DreamSpring has provided the funding and support that keep New York small businesses at the top of their game. From company headquarters in Manhattan and NYC's five boroughs to the industrial and tech hubs of Buffalo, Rochester, Syracuse, and Albany, we offer affordable small business loans for growth — even if you’ve been overlooked by traditional banks before. 

    Whether you’re launching an artisanal startup in the Hudson Valley, expanding your retail space in New York City, or scaling up manufacturing in Western New York, we're ready to help with practical financial tools. Our mission is to increase access to New York small business financing and resources, so that every entrepreneur in the Empire State has the opportunity to lead.  

    Micro and Small Businesses
    Startup Businesses
    Nonprofit Organizations
    Solo Entrepreneurs

    Serving New York's unique needs

    Many New York entrepreneurs struggle to find affordable financing, especially for small businesses in startup or growth modes.
    Challenge in New York

    Limited access to fair, affordable credit

    Our Repsonse

    Flexible terms from local lenders who understand your goals

    Challenge in New York

    Fewer financial resources in rural and underserved areas

    Our response

    Community-based lending with free technical assistance

    Challenge in New York

    Limited options for startup and growth

    Our response

    Working capital, equipment loans, and lines of credit

    DreamSpring Businesss Loans in New York

    Loan options and services may vary by location to meet local business needs. 

    Power Line of Credit

    $1,000 to $100,000

    This loan is best for...

    Entrepreneurs looking for a flexible line of credit to support their business.

    LEARN MORE

    Small Business Loan

    $1,000 to $250,000+

    This loan is best for...

    Entrepreneurs who need customized funding to start or grow their business.

    LEARN MORE

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    Business dreams come true

    Customer Photo of Steven CW Taylor

    Steven CW Taylor

    Owner of Ubuntu Fine Art in Philadelphia, Pennsylvania

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    Customer Photo of Toni Remick

    Toni Remick

    Owner of Tails and Topknots in Olathe, Kansas

    Read Story >
    Customer Photo of Domonique Pugh

    Domonique Pugh

    Owner and Creative Director of Forbrowngirlss in Houston, Texas

    Read Story >

    How to start a business in New York

    Step 1: Register your business.

    • Form your LLC, Corporation, or Partnership by filing with the New York Department of State. For sole proprietorships or general partnerships using an assumed name, you must file a Business Certificate with the County Clerk in the county where you operate.

    Step 2: Get your federal tax ID (EIN).

    • Apply for your EIN through the IRS. This 9-digit number is necessary for tax filings, opening a business bank account, and hiring employees.

    Step 3: Register for state taxes.
    Step 4: Verify licensing and permit requirements.

    • New York does not have a "general" state business license, but many professions and local operations do. Check for state-level professional licenses via the Office of the Professions or use the Business Express Wizard to find specific local and state permits.

    Step 5: Secure funding and resources with DreamSpring.
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    99.8% of businesses in New York are small businesses!

    How do I apply?

    Let's get started.

    You can start our online loan application from your computer or mobile device. From there, you’ll share information about you and your small business. Based on the information you share, we’ll provide a decision with rates, terms, and details. You can finalize the loan process and sign your loan documents online. We’ll then send the money you need for your business!

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    What documents are required for a DreamSpring loan application?

    Getting ready to apply? Depending on the amount you're requesting, we'll need different documents to complete your loan application. Check out the lists below to prepare ahead of time. If you have questions or want to connect with a lender, we're happy to help. Contact us!

    For loan requests up to $14,999 — we’ll need:

    • A valid photo ID (driver’s license or government-issued ID)

    • A selfie photo of you holding your ID

    • Your three to six most recent months of bank statements (personal, plus business if applicable) shared through Plaid, a free and secure service that connects to your bank on your behalf. 

    • If your address doesn’t match your ID or bank statement: address verification, such as a utility bill or lease/mortgage statement

    For loan requests $15,000 to $49,999 — we’ll need: 

    •  A valid photo ID (driver’s license or government-issued ID)

    • A selfie photo of you holding your ID

    • Your three to six most recent months of bank statements (personal, plus business if applicable) shared through Plaid, a free and secure service that connects to your bank on your behalf.

    • A business profit and loss statement

    • Your most recent year of personal and business tax returns

    • If your address doesn’t match your ID or bank statement: address verification, such as a utility bill or lease/mortgage statement

    • If you have wage income: your two most recent paystubs

    • If your business carries debt not reflected in your other documents: a business debt schedule

    For loan requests $50,000 to $99,999  — we’ll need:   

    • A valid photo ID (driver’s license or government-issued ID)

    • A selfie photo of you holding your ID

    • Your three to six most recent months of bank statements (personal, plus business if applicable) shared through Plaid, a free and secure service that connects to your bank on your behalf.

    • A business profit and loss statement

    • Two of your most recent years of personal and business tax returns

    • A personal financial statement

    • A business balance sheet

    • If your address doesn’t match your ID or bank statement: address verification, such as a utility bill or lease/mortgage statement

    • If you have wage income: your two most recent paystubs

    • If your business carries debt not reflected in your other documents: a business debt schedule

    • If your business has been open for less than two years: a formal business plan with three years of financial projections

    For loan requests above $100,000 — we’ll need:   

    • A valid photo ID (driver’s license or government-issued ID)

    • A selfie photo of you holding your ID

    • Your three to six most recent months of bank statements (personal, plus business if applicable) shared through Plaid, a free and secure service that connects to your bank on your behalf.

    • A business profit and loss statement

    • Three of your most recent years of personal and business tax returns (if applicable)

    • A personal financial statement

    • A business balance sheet

    • If your address doesn’t match your ID or bank statement: address verification, such as a utility bill or lease/mortgage statement

    • If you have wage income: your two most recent paystubs

    • If your business carries debt not reflected in your other documents: a business debt schedule

    • If your business has been open for less than two years: a formal business plan with three years of financial projections

    New York resources and partnerships

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    Attend a workshop, apply for grants, and find organizations in New Mexico that are invested in seeing your business succeed.

    Get in touch!

    A DreamMaker is ready to help.