The Institute of Private Enterprise Development (IPED) has introduced a new Invoice Financing facility aimed at supporting Guyanese businesses, particularly in the oil and gas sector and other productive industries.
This facility offers short-term working capital by providing up to 80% of the invoice value, with unsecured financing options available up to $2.5 million. The initiative is designed to improve cash flow and bolster local content within the economy.
This launch follows IPED’s recent acquisition of a US$5 million boost from the Inter-American Development Bank (IDB) Invest, aimed at assisting micro and small enterprises in the region.
According to IPED, the facility is tailored for registered companies with executed contracts and verified invoices pending payment. “By bridging the gap between service delivery and invoice settlement, the product enables businesses to enhance cash flow, maintain operations, and fulfill contractual commitments without disruptions,” the organization stated.
Recognizing the liquidity challenges faced by many small and medium-sized enterprises as they await payments from larger contractors, IPED is committed to providing access to capital that addresses these critical issues.
The new loan facility offers three financing categories:
- Up to 80% of the invoice value.
- Up to 90% of the collateral value.
- Unsecured financing up to $2.5 million.
IPED believes this facility will further facilitate meaningful participation of local businesses in the oil and gas value chain, fostering overall economic growth.
The organization continues to focus on delivering innovative and responsive financial solutions to promote private sector development in Guyana.
