GBTI Invoice Financing to eliminate cash flow struggles for O&G businesses

The Guyana Bank for Trade and Industry (GBTI) has launched a game-changing financial solution aimed at eliminating cash flow struggles for businesses operating in the oil and gas sector.
The newly introduced Invoice Financing initiative allows suppliers to access up to 80 per cent of their validated invoice value, ensuring a steady stream of working capital while awaiting payment.
In addition to immediately accessing up to 80 per cent of their invoice value, the terms are flexible, with loan maturity matched to invoice due dates ranging from 30 to 180 days.
The financing is also offered at a competitive rate, with a low monthly interest of just 1.25 per cent, coupled with no hidden fees, ensuring a transparent process with no early repayment penalties.

This short-term capital solution is designed for registered suppliers with a proven track record in the oil and gas sector, particularly those holding validated invoices from ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), or its prime contractors.
In his address at the launch on Friday, Finance Minister Dr Ashni Singh praised GBTI’s move, highlighting that the financing arrangement ensures that businesses no longer face delays in receiving payments, allowing them to reinvest and scale their operations
“The issue of pledging receivables and or contracts and or invoices as collateral for the purposes of securing credit has been an issue that we’ve been discussing for a very long time”.
“The transformation and modernisation that is taking place in Guyana is a very visible thing. New modern banking halls, etc. But the modernisation that we seek to achieve as a Government and as a country must also take place in the things that are not so visible, including the types and quality and efficiency of services that are available. And steps like this represent exactly that. Represent the making of availability by the Guyana’s private sector of a service, of a facility of the type that ordinarily the private sector would be able to access anywhere else in the world,” Dr Singh said.
Simple process
To qualify for this financing option, businesses must submit a completed credit application form and comply with GBTI’s anti-money laundering (AML) and regulatory standards. Additionally, they must provide proof of contract history and supplier performance, to ensure credibility and compliance with the bank’s requirements.
Dr Singh revealed that discussions are underway to expand this initiative beyond ExxonMobil Guyana, extending it to Tier 1 contractors and potentially other industries where credit risks remain manageable.
“I made sure to inquire about the bank’s intentions to extend this to other issuers, to other companies operating in the oil and gas space and potentially companies operating outside of the oil and gas space. And the leadership of GBTI has assured me that the intention is to roll this out beyond ExxonMobil Guyana, to roll this out in the first instance to Tier 1 contractors of ExxonMobil Guyana,” he said.
“We also want to make sure that credit becomes more easily accessible at the same time, while containing risks, that credit becomes more accessible to the non-financial private sector. And it is a non-financial private sector that is expanding at a phenomenal rate, as you know, as you’ve seen in your client base,” he added.
The Invoice Financing initiative arrives at a pivotal moment of explosive economic growth, as private sector credit surges from $260 billion in 2020 to over $450 billion in 2024, fuelling industries such as agriculture, manufacturing, services, and real estate, among others.
Minister Singh underscored that while Guyana is witnessing unprecedented physical transformation through new roads, ports, and housing developments, financial modernisation is equally vital.
On this point, he stressed the importance of local businesses having access to world-class financial services to compete on a global scale.
“With GBTI leading the way, this initiative sets a new standard for financial services in Guyana… Our ratio of non-performing loans today is lower than it has been at any time in recent memory. And so, what that tells us is that you have not only an expansion in lending, but you have an expansion in the quality of borrowing and the quality of lending. And that, I have to say, is a reflection of, or is the result of a combination of factors.”