Working Capital Loans
CYK Financial provides working capital loans to women-owned businesses that can be utilized to cover their short-term working capital needs. This can include paying for operational expenses such as Raw Materials, Utilities and Payroll. Working capital loans can also be used to meet unexpected needs or difficulties due to seasonal sales fluctuations, delays in customer payments, and unbudgeted expenses.
Benefits of working capital loans
- Working capital financing prevents disruptions in business operations by covering essential short-term expenses such as Inventory purchases, Payroll and day-to-day operational costs reducing financial stress.
- Easy application and funding. The streamlined process allows for faster loan processing and disbursement, enabling the business to meet its financial needs promptly.
- Working capital financing allows the business to retain full ownership of its operations without the need to rely on equity financing.
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.
Contact us:
johnsonasiimwe@cykfinancial.com