In the 2 months that the Secured Transaction Registry has been operating, there have been 91 inscriptions for amounts of up to $20 million.
This registry allows companies to inscribe all types of assets and is seen by companes as a way to access more credit in the financial system.
In an article in sigloxxi.com, Juan Orlando Garcia Rivera, a registry official, indicated that the inscriptions have been made for large amounts of up to $20 million and that "an endless amount of property has been given as collateral such as: agricultural machinery, business inventories, credit titles, brands and trade names."
The Property Guarantee Registry (RGM) received its first registration for $10 million on Monday.
According to prensalibre.com "Erasmo Velasquez, vice minister of Economy, confirmed that the Nuevos Almacenes S.A. company, which runs the Cemaco stores, registered a guarantee for its warehouse stock, in order to request a loan from a bank abroad."
According to prensalibre.com, "micro, medium and small business will be able to access credit and property at the registry as a guarantee for banks and other financial entities, such as agricultural equipment, harvest, merchandise inventory, certificates, computers, and other property.
Management advisory firm that advises clients on issues in finance, strategy and governance, as well as on business development, raising capital.
Operates in El Salvador and Guatemala
Phone: (1) 2125450228
Represents the Company RTS INTERNATIONAL, Inc. of Kansas Cyty, TX, USA, for the territory of Guatemala and Central America. RTS finance exports through Factoring system.
Operates in Guatemala
Phone: (502) 2369 5408 - (502) 5709 2986