Sales Finance

The CYK financial Sales Finance is structured as a revolving credit facility in which a company has access to a UGX.18 Million facility but can make monthly withdrawals of up to 1.8 Million every month repayable in one to three months. Maximum withdrawal amounts can be renegotiated based on the businesses’ overall performance and repayment pattern/performance.

Sales financing is a form of financing in which a business is supported with working capital to increase growth in sales. Sales financing caters to purchase of inventory, financing of receivables and marketing efforts to improve sales such as setting up of a website to increase traffic or setting up distribution centers.

Benefits of sales finance

Maintain control and ownership of the company.
No personal guarantees.
Flexible payment options
Ease of access of capital. The business can access capital to meet their working capital needs due to presence of a revolving.
Ability to refinance your receivables.

REQUIREMENTS

A written financing commitment from a debt or equity investor such as a pre-financing agreement and Loan agreement

ELIGIBILITY CRITERIA

Entrepreneur has a profitable business idea or business, or potential for profitability.
Committed to working full-time in the business.
Fully or majority owned by a female.
Engaged in any sector or trade that causes no harm to people and the planet.
Has a physical location/outlet with an online presence.
Seeking to grow the business through a microcredit line.
Open to improving knowledge on running and growing a successful business

FOR BUSINESSES

Call for expression of interest

CYK invites applications from female entrepreneurs seeking to grow their businesses. By joining CYK, your enterprise will have a partner who will work with you to meet your business financing and operational needs

For Investors

Are you an investor passionate about supporting women in business? Join us to empower female entrepreneurs and make a significant impact on their future.