GEORGETOWN, September 18, 2026. Small-business owners have a new financing announcement to watch. The Guyana Development Bank is scheduled to launch on October 5, with plans for loans of up to G$3 million at zero interest and without collateral, according to a Ministry of Finance release published by the Department of Public Information on September 16.
The update followed Finance Minister Dr. Ashni Singh’s signing of the bank’s commencement order and its publication in the Gazette. The release identifies G$20 billion in initial funding and says the institution will support small and medium-sized enterprises, particularly women, young people and persons with disabilities.
What has been announced
Alongside lending, the government says mentorship and training will be offered. A separate co-financing arrangement is intended to provide access to as much as G$7 million more from traditional lenders at favourable interest rates.
Why business owners are watching
ADSGY perspective: For a small enterprise, an affordable loan could help turn a specific expansion plan into a practical purchase: equipment, packaging or working stock. Its usefulness will depend on the application process, repayment conditions and how quickly approved funding reaches businesses.
These are announced plans ahead of launch. The September 16 release does not set out a complete application checklist or guarantee approval for any applicant. Readers seeking funding should look for the bank’s official eligibility requirements, application channel and repayment terms as those details are published.
Source credit
Ministry of Finance, via the Department of Public Information, September 16, 2026. This article is an original ADSGY summary with separately labelled editorial perspective.