NAIROBI, KENYA, June 21, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to Victoria Commercial Bank Limited (VCB) of Kenya. 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 long-term funding source for Victoria to support its small and medium-sized enterprise (SME) lending in Kenya, retaining a sizeable portion for woman owned and managed enterprises and “green” loans. In addition to the support for SMEs in Kenya, the developmental impact of the proposed WBC loan is enhanced by a number of socially responsible initiatives in Kenya that VCB currently sponsors.

Read More...

HARTFORD, CONNECTICUT, May 21, 2018 – U.S. Secretary of Commerce Wilbur Ross presented WorldBusiness Capital, Inc. (WBC) with the President’s “E” Award for Exports at a ceremony today in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. Brett Silvers, WBC’s President & CEO, and Leslie Galbraith, WBC’s Executive Vice President & CFO, received the Award on behalf of the company.

Read More...

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.

Read More...

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.

Read More...

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.

Read More...