The Denkyem Loan
Work closely with lenders dedicated to your business’s success.
A loan from Denkyem is a smaller loan that can support an immediate need or jumpstart your small business’s growth. If you’re looking to borrow between $10,000 and $100,000, consider pre-applying for this loan.
This financing option is available through Denkyem (DEN-chum), a Black-owned community development financial institution (CDFI), and it allows for flexible payments so clients can focus on the strategy and growth of their business. While this financing option is open to all eligible Washington-based businesses, Denkyem is rooted in King County and has deep experience working specifically with Black-owned businesses there.
Eligibility
Businesses must be:
- Located and registered to do business in Washington State
- Generating revenue or have a plan towards profitability
- Highly engaged in their community
Terms
The Denkyem Loan
For growing businesses looking to scale
- Working capital loan between $10,000 – $100,000
- For businesses that can’t access traditional loans
- 3-year term
- Monthly repayment
- 6.29% APR*
(the multiple of this product is 1:1)
*APR is the estimated cost of your financing expressed as a yearly rate and incorporates interest costs and any other finance charges allowed under SSBCI customer protection guidelines.
The Denkyem team values long-term relationships with their clients, and their financial support services are tailored to your business’s needs.
Could your business benefit from a smaller loan that jumpstarts growth?
Here’s how it works.
Pre-apply
Answer our questions about your business’s recent financial history and its current needs, and find out if you meet eligibility criteria.
Be supported
If you’re eligible, you’ll be connected with a lender that can walk you through the rest of the application process.
Get started here!
This program is supported by the Washington State Department of Commerce and the US Department of Treasury.
The Washington Revenue-Based Financing Fund is supported by the Washington State Department of Commerce and the US Department of Treasury through the Washington State Small Business Credit Initiative (SSBCI). You can visit the agency’s website to learn more about how SSBCI provides additional capital to Community Development Financial Institutions (CDFIs) and participating lenders for small businesses and nonprofits throughout Washington, particularly those in historically underserved and under-banked communities.