diff --git a/admin/DashboardController.php b/admin/DashboardController.php
index 0df2dab..039df60 100644
--- a/admin/DashboardController.php
+++ b/admin/DashboardController.php
@@ -1808,7 +1808,37 @@ HTML;
         SessionAuth::require();
         $user = SessionAuth::user();
         $userName = self::h($user['name'] ?? 'Admin');
-        $companies = CompanyRepository::findAll();
+
+        // Pre-load conversations for inline embedding (no extra HTTP round-trip)
+        $companyMap = [];
+        foreach (CompanyRepository::findAll() as $co) {
+            $companyMap[(int)$co['id']] = $co['name'];
+        }
+        $convRows = db()->query("
+            SELECT c.phone_number,
+                   MAX(c.contact_name) as contact_name,
+                   MAX(c.company_id)   as company_id,
+                   MAX(c.created_at)   as last_time,
+                   (SELECT content FROM conversations c2 WHERE c2.phone_number = c.phone_number ORDER BY c2.id DESC LIMIT 1) as last_message,
+                   (SELECT COUNT(*) FROM conversations c3 WHERE c3.phone_number = c.phone_number AND c3.direction = 'inbound'
+                    AND c3.id > COALESCE((SELECT MAX(c4.id) FROM conversations c4 WHERE c4.phone_number = c.phone_number AND c4.direction = 'outbound'),0)) as unread_count
+            FROM conversations c
+            GROUP BY c.phone_number
+            ORDER BY last_time DESC
+        ")->fetchAll();
+        $initialConvs = [];
+        foreach ($convRows as $r) {
+            $cid = (int)$r['company_id'];
+            $initialConvs[] = [
+                'phone'        => $r['phone_number'],
+                'contact_name' => $r['contact_name'] ?? '',
+                'company_name' => $companyMap[$cid] ?? '',
+                'last_message' => mb_substr($r['last_message'] ?? '', 0, 80),
+                'last_time'    => $r['last_time'],
+                'unread_count' => (int)$r['unread_count'],
+            ];
+        }
+        $initialConvsJson = json_encode($initialConvs, JSON_UNESCAPED_UNICODE | JSON_HEX_TAG | JSON_HEX_APOS | JSON_HEX_QUOT);
 
         http_response_code(200);
         header('Content-Type: text/html; charset=utf-8');
@@ -1917,16 +1947,42 @@ HTML;
 </div>
 <script>
 let activePhone = '';
+const INITIAL_CONVS = {$initialConvsJson};
+
+// ─── Render conversations list ───────────────────────────────────────────────
+function renderConvs(convs) {
+  const list = document.getElementById('convList');
+  if (!convs || convs.length === 0) {
+    list.innerHTML = '<div style="padding:24px 16px;text-align:center;color:#a0a8b8;font-size:13px">Sin conversaciones aún</div>';
+    return;
+  }
+  list.innerHTML = convs.map(c => {
+    const time = formatTime(c.last_time);
+    const name = c.contact_name || c.phone || '';
+    const avatar = name.charAt(0).toUpperCase() || '?';
+    const unread = c.unread_count > 0 ? \`<div class="conv-unread">\${c.unread_count}</div>\` : '';
+    const active = c.phone === activePhone ? ' active' : '';
+    const company = c.company_name ? \`<span class="conv-company">\${esc(c.company_name)}</span>\` : '';
+    return \`<div class="conv-item\${active}" onclick="selectConv('\${esc(c.phone)}','\${esc(c.contact_name||c.phone)}','\${esc(c.company_name||'')}')">
+      <div class="conv-avatar">\${avatar}</div>
+      <div class="conv-info">
+        <div class="conv-name">\${esc(name || 'Desconocido')} \${company}</div>
+        <div class="conv-phone">\${esc(c.phone)}</div>
+        <div class="conv-last">\${esc(c.last_message || '')}</div>
+      </div>
+      <div class="conv-meta">
+        <div class="conv-time">\${time}</div>
+        \${unread}
+      </div>
+    </div>\`;
+  }).join('');
+}
 
 // ─── Load conversations ──────────────────────────────────────────────────────
 async function loadConvs() {
-  const list = document.getElementById('convList');
   try {
     const r = await fetch('/admin/chat?api=convs');
-    if (!r.ok) {
-      list.innerHTML = \`<div style="padding:16px;color:#e53e3e;font-size:13px">Error \${r.status} al cargar conversaciones</div>\`;
-      return;
-    }
+    if (!r.ok) return;
     const data = await r.json();
     const convs = data.conversations || [];
     if (convs.length === 0) {
@@ -1934,28 +1990,9 @@ async function loadConvs() {
       return;
     }
     list.innerHTML = convs.map(c => {
-      const time = formatTime(c.last_time);
-      const name = c.contact_name || c.phone || '';
-      const avatar = name.charAt(0).toUpperCase() || '?';
-      const unread = c.unread_count > 0 ? \`<div class="conv-unread">\${c.unread_count}</div>\` : '';
-      const active = c.phone === activePhone ? ' active' : '';
-      const company = c.company_name ? \`<span class="conv-company">\${esc(c.company_name)}</span>\` : '';
-      return \`<div class="conv-item\${active}" onclick="selectConv('\${esc(c.phone)}','\${esc(c.contact_name||c.phone)}','\${esc(c.company_name||'')}')">
-        <div class="conv-avatar">\${avatar}</div>
-        <div class="conv-info">
-          <div class="conv-name">\${esc(name || 'Desconocido')} \${company}</div>
-          <div class="conv-phone">\${esc(c.phone)}</div>
-          <div class="conv-last">\${esc(c.last_message || '')}</div>
-        </div>
-        <div class="conv-meta">
-          <div class="conv-time">\${time}</div>
-          \${unread}
-        </div>
-      </div>\`;
-    }).join('');
+      renderConvs(convs);
   } catch (e) {
     console.error('loadConvs error:', e);
-    list.innerHTML = '<div style="padding:16px;color:#e53e3e;font-size:13px">Error al cargar conversaciones. Revisa la consola.</div>';
   }
 }
 
@@ -2123,7 +2160,7 @@ if (msgInput) {
   });
 }
 
-loadConvs();
+renderConvs(INITIAL_CONVS);
 setInterval(loadConvs, 15000);
 </script>
 </body>