JALISCO, MEXICO, April 8, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of a new commercial term loan of $10 million for Mexico’s Operadora de Servicios Mega, S.A. de C.V. SOFOM, E.R. (Operadora Mega). 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 enable Operadora Mega to expand its lending capacity for loans and leases to small and medium-sized businesses throughout Mexico. This is WBC’s second loan to Operadora Mega.

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SAINT JOSEPH, MICHIGAN, April 2, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8.5 million, 10-year commercial term loan to Michigan-based Wolverine Metal Stamping, Inc. (Wolverine).  WBC is the only U.S. financial institution that has a framework agreement for loan guarantees with Bancomext, the Mexican Government’s export credit and development agency that finances Mexican companies competing in international markets.  Proceeds of WBC’s loan will be used by Wolverine to expand the production capacity of its operations in Mexico by financing the acquisition of new equipment, inventory purchases, and related working capital needs.

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CHEEKTOWAGA, NEW YORK, March 21, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of $8 million in permanent long-term financing for a newly-constructed 53,000 sq. foot Holiday Inn Express hotel in Grand Island, New York, located in close proximity to Niagara Falls.  The project’s sponsors include Grand Island Hotels, LLC and the experienced hotel management firm, Rudra Management, Inc.  WBC’s financing is guaranteed by the U.S. Department of Agriculture (USDA) under its Business and Industry (B&I) Guaranteed Loan Program.

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MEXICO CITY, MEXICO, January 29, 2019  WorldBusiness Capital, Inc. (WBC) announced the closing of a $12 million, 8-year commercial loan to Mexico City-based Financiamiento Progresemos, S.A. de C.V. SOFOM, E.N.R. (Progresemos).  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 Progresemos to expand its lending business to meet the significant demand for capital access from Mexican entrepreneurs and SMEs, especially women-owned businesses.

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CHIAPAS, MEXICO, January 24, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to Mexico-based Alternativa 19 del Sur, S.A. (Alternativa). 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 the loan will be used by Alternativa to significantly expand its funding of the micro-credit market, with a focus on providing home improvement loans and credit products for women-owned businesses in the underserved Southeast region of Mexico.