Denkyem SPC

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225 108th Ave NE, 225 Suite 400 Seattle, WA 98057
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Denkyem aims to create generational wealth within the Black community by supporting its businesses through access to affordable capital and business support services. Over the last year, we have distributed six revenue based loans, ranging from $10,000–$15,000. We've recorded increased revenue from the majority of our clients. In addition, we have built trust with our portfolio, and are starting to receive more requests for strategic assistance. In addition, we will participate in the Boston Impact Initiative Fund-Building Cohort. The goal of this is to create Blended Finance Fund that services debt, equity, and REIT opportunities, among other possibilities.

Mission

Our mission is to provide access to personalized business support services and affordable loans for Black-owned businesses in the Puget Sound region.

Type of Organization

  • Lending Organization
  • Social Purpose Corporation

Locations Served

  • Greater Seattle Area/Puget Sound Region, Washington

Key Programs and Initiatives

Types of Offerings

  • Financing
  • Capital
  • Entrepreneurial Training
  • Matchmaking/networking opportunities
  • 1 to 1 business advising
  • Mentoring/coaching
  • Business Support Services

Program Delivery

  • In Person
  • Hybrid (in person/virtual)

Members of the Black Community Served

  • Immigrants
  • Returning Citizens/Formerly incarcerated
  • Women
  • Youth
  • Veterans
  • 65+/Senior Citizens

Locations of Members of the Black Community Served

  • Low-income areas
  • Low to moderate income areas
  • Rural areas
  • Suburban areas
  • Urban areas

Targeted Entrepreneur Segments

  • Business Services
  • Wholesale & Retail Trade
  • Accommodation & Food Services
  • Media & Publishing

Business Stage

  • Stay Up : a business that has determined its market fit, but its product/service has not been validated nor has it achieved sustainability.

  • Scale Up : a business that already validated its product in a market and has proven sustainable.

Cost of Programs

  • Free
  • We have a loan fee of 10% of principal, spread out over three years (6.29% APR; this can be minimized with early payback).