Loan Tranche Disbursed by WBC Expands Financing for Mexican SMEs

Nov 03, 2014
WorldBusiness Capital, Inc.’s Mexico Lending Team announced that it disbursed the final tranche of a $5 million long-term loan to Arrendadora y Comercializadora Lingo S.A. de C.V. SOFOM E.N.R. (Lingo), a commercial finance and equipment leasing company with headquarters in Guadalajara and a branch office in Queretaro. Lingo is using WBC loan proceeds to fund the expansion of its portfolio of loans and leases to SMEs in Mexico. In conjunction with the project, Amembal & Halladay and Leasconsulting Corp., recognized experts in the global leasing industry, are providing Lingo with specialized training in the areas of lease underwriting and administration.
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