NEW LONDON, CONNECTICUT, March 10, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $6 million financing to Connecticut-based pharmaceutical manufacturer, Sheffield Pharmaceuticals, LLC.  The package consists of a $5 million, 12-year loan for business expansion and a $1 million, 15-year loan to purchase new equipment. Both WBC loans are guaranteed by the U.S. Department of Agriculture (USDA) under its Business and Industry (B&I) Guaranteed Loan Program.

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ISTANBUL, TURKEY, January 2, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a 10-year, $10 million commercial loan (subdivided into a $5,000,000 senior loan and a $5,000,000 subordinated loan) to Nurol Yatirim Bankasi A.S. (Nurolbank).  The 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 be used to support Nurolbank’s lending activities to factoring companies that service small and midsize enterprises (SME) in Turkey.

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NEW DELHI, INDIA, July 26, 2016 – WorldBusiness Capital, Inc. (WBC) was featured in a newsletter published quarterly by the U.S. Commercial Service team for SelectUSA in India. The newsletter invites subject matter experts to provide advice for Indian entrepreneurs and companies that are looking to invest and expand their business in the United States. The column, written by Rohit Choudhary, Vice President of WBC, highlights various financing options available for Indian businesses looking to enter the U.S. market. The article further suggests the preparations businesses must undertake before considering a U.S. entry.

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MEXICO CITY, MEXICO, May 31, 2016 – WorldBusiness Capital, Inc. (WBC) announced that its Latin America & Caribbean Lending Team closed a $15 million long-term term loan to Mercader Financial, S.A. de C.V. SOFOM, E.N.R. (Mercader).  WBC’s loan will support the expansion of Mercader’s growing portfolio of small business leases and loans in the Mexican Market.

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MEXICO CITY, MEXICO, September 28, 2015 WorldBusiness Capital, Inc. announced that its Latin America Lending Team closed a $10 million long-term loan to Financiamiento Progresemos, S.A. de C.V. SOFOM, ENR (Progresemos).  The proceeds of the WBC loan are being used by Progresemos to expand its microlending portfolio to Mexican low-income micro entrepreneurs located in underserved regions of Mexico. Progresemos’ unique business model is based on co-lending with other partner microfinance institutions with an established customer base and local market knowledge.

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