COLOMBO, SRI LANKA, October 16, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of $15 million, 10-year commercial loan to LOLC Micro Credit Limited (LOMC).  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 LOMC’s expansion of its microfinance lending and leasing programs for underserved segments of the small business community in Sri Lanka.

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HARTFORD, CONNECTICUT, September 29, 2017 – WorldBusiness Capital, Inc. (WBC) has established a strategic partnership with Logistics Plus Inc., a worldwide provider of transportation, logistics and supply chain solutions.  Logistics Plus offers WBC’s international  financing solutions to customers in conjunction with its international logistics, consignment warehousing, and foreign trade zone operations.

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HARTFORD, CONNECTICUT, September 18, 2017 – The Export-Import Bank of the United States (EXIM), the official export credit agency of the United States, has renewed the status of WorldBusiness Capital, Inc. (WBC) as a guaranteed lender under the  agency’s Medium Term Loan Program into 2019.  WBC has been an Approved Finance Provider under the program since 2003, enabling the firm to offer competitive term loans covered by an EXIM guarantee for international buyers of U.S. capital goods and services.

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HARTFORD, CONNECTICUT, September 8, 2017 – WorldBusiness Capital, Inc. (WBC) announced that it has been approved by the Connecticut Department of Banking as the State’s first International Trade and Investment Corporation (ITIC) licensee.  This follows the passage of a new act added to the Connecticut General Statutes §36a-636a by the State’s Legislature during its 2016 regular session.

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HARTFORD, CONNECTICUT, September 6, 2017 – WorldBusiness Capital, Inc. (WBC) announced that it has been approved by the U.S. Department of Agriculture (USDA) as a participating U.S. Financial Institution eligible to finance U.S. agricultural commodity exports and related facilities in emerging markets using federal loan guarantees.  WBC becomes one of only 6 financial institutions in the country approved to access both the Export Credit Guarantee Program (GSM-102) and Facility Guarantee Program (FGP), which USDA’s Foreign Agricultural Service administers on behalf of the federal Commodity Credit Corporation (CCC), which issues the credit guarantees.

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