The Institute of Private Enterprise Development (IPED) has launched a new Invoice Financing facility targeting Guyanese businesses in the oil and gas sector and other productive industries.
The product provides short-term working capital by offering up to 80% of invoice value, with unsecured financing options up to $2.5 million to improve cash flow and support local content.
This initiative follows a recent US$5 million boost secured by IPED from the Inter-American Development Bank (IDB) Invest to support micro and small enterprises.
In a release IPED said the facility is tailored to support registered companies that hold executed contracts and have verified invoices pending payment.
“By bridging the gap between service delivery and invoice settlement, the product enables businesses to improve cash flow, maintain operations, and meet contractual commitments without disruptions,” IPED explained.
The company acknowledged that many small and medium-size Guyanese businesses face liquidity constraints while awaiting payments from large contractors and other clients, and wants to offer a service that would directly address that challenge by providing access to capital.
The new loan facility comes in three financing categories, financing up to 80% of the invoice value, financing up to 90% of the collateral value and unsecured financing up to $2,5M.
IPED said the facility is expected to further enable meaningful participation of local businesses in the oil and gas value chain while also supporting.
IPED said it remains committed to delivering innovative and responsive financial solutions that promote private sector development.
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