HARTFORD, CONNECTICUT, March 10, 2016 – WorldBusiness Capital, Inc. (WBC) today announced that two financial industry leaders and veterans, Richard Booth and Sunil Mehta, have joined the WBC team for 2016 as Senior Advisors to help guide the expansion of the company’s international lending activities.

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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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MEXICO CITY, MEXICO, September 14, 2015 WorldBusiness Capital, Inc. announced that its Latin America Lending Team closed a $4.5 million long-term loan to Exitus Capital, S.A.P.I. de C.V. SOFOM, ENR (Exitus).  The proceeds of the WBC loan are being used by Exitus to finance the expansion of its small and midsize enterprise (SME) lending and leasing business in Mexico.  The WBC credit facility will provide long-term funding to Exitus and will help to diversify its funding sources and enhance its capacity to make attractive credit available to Mexican SMEs. The company’s business model focuses on delivering factoring, revolving and term loans, and equipment leases to the underserved Mexican SME sector.  Exitus is based in Mexico City and currently employs about 30 people.

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MEXICO CITY, MEXICO, April 10, 2015 – In mid-February 2015, WBC’s Executive Vice President, Joseph Raycraft, and Vice President, Jose Gonzalez, participated in the Leveraging Technology for the Mexican Financial Sector Conference, which was held in Mexico City and sponsored by the U.S. Commercial Service.   The focus of the conference was to share U.S. best practices and demonstrate U.S. technologies available to assist the Mexican banking sector’s expansion.  A number of U.S. technology equipment suppliers participated in the conference, together with Mexican niche banks, non-bank finance companies, and micro lenders.

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