The Institute of Private Enterprise Development (IPED) has launched a new invoice financing loan product aimed at providing short-term working capital to businesses operating in Guyana’s oil and gas sector and other productive industries.
The facility is designed to support registered companies with executed contracts and verified invoices pending payment, helping firms bridge the gap between delivering services and receiving payment from clients.
In a press release over the weekend, IPED said the product will allow businesses to maintain operations, improve cash flow and meet contractual obligations without disruption while awaiting settlement of invoices.
As Guyana’s economy expands, particularly in the oil and gas industry, many small and medium-sized enterprises face liquidity challenges while waiting for payments from large contractors and corporate clients, IPED said. The new financing option seeks to address this constraint by providing faster access to capital.
The loan product offers three financing options. The first allows companies to access up to 80% of the value of an invoice, while a second option provides financing of up to 90% of the value of pledged collateral. A third category provides unsecured financing of up to $2.5 million.
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IPED said the facility is expected to strengthen the participation of local businesses in Guyana’s oil and gas value chain while also supporting growth across other sectors of the economy.
The organization said the initiative forms part of its effort to deliver innovative financial solutions that promote entrepreneurship, economic resilience and sustainable private-sector development.
