2017 News
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Fedecredito in El Salvador
SAN SALVADOR, EL SALVADOR, December 26, 2017 – WorldBusiness Capital, Inc. (WBC) announced that its Americas Lending Team has closed a $15 million, 8-year loan to San Salvador-based Federacion de Cajas de Credito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecredito). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The proceeds of WBC’s loan will enable Fedecredito to provide financing to its 55 member credit unions and banks supporting SMEs throughout El Salvador.
WorldBusiness Capital Closes $8 Million OPIC-Guaranteed Loan to Bank Vostok in Ukraine
DNIPRO, UKRAINE, December 21, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8 million, 10-year commercial loan to Ukraine’s Bank Vostok. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. WBC’s OPIC-supported loan will enable Bank Vostok to expand its lending to local small and medium-sized enterprises (SMEs) in Ukraine that are involved primarily in the processing, distribution, and export of agricultural products.
WorldBusiness Capital Closes $7.5 Million OPIC Loan to Financiera FAMA in Nicaragua
MANAGUA, NICARAGUA, December 5, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $7.5 million, 7-year commercial term loan to Managua-based Financiera Fama S.A. (Financiera FAMA). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. Proceeds of WBC’s loan will be used by Financiera FAMA to on-lend to entrepreneurs and small businesses located throughout the country. Additionally, the new loan will enable Financiera FAMA to hire 100+ new employees over the next five years.
WorldBusiness Capital Closes $8 Million OPIC-Guaranteed Loan to Equipa-T in Mexico
MEXICO CITY, MEXICO, November 13, 2017 - WorldBusiness Capital, Inc. (WBC) announced the closing of an $8 million, 7-year commercial loan to Mexico City-based Sociedad Financiera Equípate, S.A. de C.V., SOFOM, ENR (Equipa-T). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. Proceeds of WBC’s loan will be used by Equipa-T to expand its lending to entrepreneurs throughout Mexico. This is the first foreign currency loan from an international financial institution obtained by Equipa-T.
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Golomt Bank in Mongolia
ULAANBAATER, MONGOLIA, October 16, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 8-year commercial loan to Golomt Bank of Mongolia. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The financing will provide a stable, long-term funding source for Golomt to support its lending to small and medium-sized enterprises (SMEs) throughout Mongolia, primarily businesses in the agribusiness sector.
Partnership Provides Logistics Plus Customers Worldwide with WBC Loan Solutions
HARTFORD, CONNECTICUT, September 19, 2017 - WorldBusiness Capital, Inc. (WBC) has established a strategic partnership with Logistics Plus Inc., a worldwide provider of transportation, logistics, and supply chain solutions. Logistics Plus will make WBC’s financing options available to its U.S. and overseas customers in conjunction with its international logistics, consignment warehousing, and foreign trade zone operations. WBC will offer loans up to $15 million for Logistics Plus customers for a variety of commercial purposes including working capital, equipment purchases, facility expansion, debt refinancing, and acquisitions.
WBC Becomes First U.S. Lender to Establish Guarantee Partnership with Mexico’s Bancomext
HARTFORD, CONNECTICUT, April 10, 2017 - WorldBusiness Capital, Inc. (WBC) announced today its execution of an innovative framework agreement with Bancomext, the Government of Mexico’s development bank and export credit agency. Under the agreement, WBC will make loans partially guaranteed by Bancomext supporting a broad range of Mexican small and middle market companies and projects that increase Mexico’s exports and promote the global competitiveness of the Mexican economy. WBC will offer attractive long-term loans up to $10 million in partnership with Bancomext for this purpose.
Banking Department Licenses WBC as State’s First International Trade and Investment Corp
HARTFORD, CONNECTICUT, March 30, 2017 - WorldBusiness Capital, Inc. (WBC) announced that it has been approved by the Connecticut Department of Banking as the state’s first International Trade and Investment Corporation (ITIC) licensee. This follows the passage of a new act added to the Connecticut General Statutes §36a-636a by the State’s Legislature during its 2016 regular session. The ITIC license affords WBC the recognition as a regulated entity and the benefits thereof. Licensees include lenders such as WBC who participate in the federal government loan guarantee programs of DFC (f/k/a OPIC), USDA, or EXIM.
Sheffield Pharma, Health Care Products Maker, Obtains $6 Million of USDA Loans From WBC
NEW LONDON, CONNECTICUT, March 10, 2017 - WorldBusiness Capital, Inc. (WBC) announced the closing of $6 million of long-term financing to Connecticut-based health care products manufacturer, Sheffield Pharmaceuticals. The loans include a $5 million 12-year loan for business expansion, and a $1 million 15-year loan to purchase new equipment. Both WBC loans are partially guaranteed by U.S. Department of Agriculture (USDA). Jeffrey Davis, Sheffield’s President & CEO, observed that WBC’s loan has “allowed Sheffield to accelerate its growth plans. Established in 1850, Sheffield has a history of innovation and providing opportunity for our employees. Sheffield is a true success story as a mid-size manufacturing enterprise in Connecticut.”
