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Mercantile Unicredit INC is a private finance company licensed in Guyana under the Company's Act specialising in cash flow finance for the small business sector.
We offer a range of flexible loan products specifically developed to assist businesses with working capital requirements and temporary cash flow problems.
Call us at
+592 608 2581
not being able to provide 3 years of financial data
not being able to provide profitable trading figures
not being able to provide any real estate as security
having a blemish on your credit record
Launched in 2022, Mercantile Unicredit INC is a private finance company specialising in loans for the small business sector. Generally, any small business that sells goods or services on credit terms or has ongoing contractual arrangements with its customers would be a good candidate for our facilities.
We are able to assist businesses that may not fit into a traditional invoice finance structure as their business model is based on a periodic fee arrangement with its customers (e.g. property management agents, child care service providers and fitness centre operators). We can also advance funds against consumer invoices. This is specifically relevant for small contractors and any businesses operating in a professional services sector, such as real estate, accounting and legal service providers.
Lack of cash-flow is a number one cause of failure of small businesses in Guyana. This is because many small businesses are operated by sole traders, small partnerships or by family owned companies with very few or no assets that can be used to obtain a business line of credit or an overdraft from a bank. Operating without a line of credit or a bank overdraft means that you are extremely susceptible to cash flow fluctuations (whether these fluctuations are temporary or seasonal). This would be an equivalent to always running your car on empty or very close to empty – not knowing whether you will get to your destination without running out of petrol. For small businesses running out of cash means insolvency, and ultimately failure, as they are not able to meet their payment obligations as they become due. This is a problem not only of the small business owners but also for the economy at large, as most businesses in Guyana are small businesses run by sole traders, partnerships or families.
With a cash-flow finance facility from Mercantile Unicredit your small businesses will be able to access the extra cash needed to smooth your cash-flow bumps. You will be able to pay your suppliers on time and meet all your day-to-day obligations as and when they arise. Our approval process is fast and simple. In most cases, we will provide you with our answer within 24 to 48 hours. We will do our best to say “Yes”.
Many small businesses in Guyana are currently experiencing cash flow problems and, as a result, are unable to meet their ongoing expenses and obligations, such as payments to their suppliers. A business loan from Mercantile Unicredit will provide your small business with immediate funds to fix periodic cash flow problems, without the need for you to provide your house as a security. You can be approved and have cash in your account within 48 hours.
Once your application has been approved, you will supply Mercantile Unicredit with copies of your invoices. Once confirmed Mercantile Unicredit will supply you with 80% of the invoice value. You will then change the account details your customer will pay to the account specificed by Mercantile Unicredit. This way, once you deliver your goods or services, your customer will pay directly into the Mercantile Unicredit account, which will then be passed onto you (less fees).
