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.

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HARTFORD, CONNECTICUT, October 25, 2018 – The U.S. Department of Commerce has appointed Brett N. Silvers, President and CEO of WorldBusiness Capital, Inc. (WBC), to serve as a U.S. representative to the United States-India CEO Forum.  The Forum will allow private sector members to develop and provide recommendations to the two governments and their senior officials that reflect private sector views, needs, concerns, and suggestions about the creation of an environment in which their respective private sectors can partner, thrive, and enhance bilateral commercial ties to expand trade and economic links between the United States and India.

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ALMATY, KAZAKHSTAN, October 23, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to Tengri Bank JSC (Tengri) of Kazakhstan.  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 base for Tengri to support the expansion of its small and medium-sized enterprise (SME) lending activities throughout Kazakhstan, with a focus on supporting businesses that are majority-owned or led by women.

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MEXICO CITY, MEXICO, September 14, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year loan to Mexico-based Exitus Capital.  WBC’s financing represents its second long-term facility for Exitus Capital, which is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets.  WBC loan proceeds will be used by Exitus Capital to expand its growth objectives of funding local loans and leases for small and medium-sized enterprises (SMEs) throughout Mexico.  Additionally, WBC’s second loan will help bolster Exitus Capital’s profile in international capital markets, helping the company increase access to future rounds of attractive financing.

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