MONTERREY and GUADALAJARA,  MEXICO, March 11, 2015 – During the first week of February 2015, members of WBC’s Mexico Lending Team traveled to two cities in Mexico to focus on business development and due diligence related to several active loan opportunities.   WBC’s Senior Vice President, Ricardo Croes, and Vice President, Jose Gonzalez, attended Expo Manufactura, a business forum held in Monterrey bringing together Mexico’s manufacturing community.  The Manufactura event introduced the latest manufacturing technologies with the aim of increasing the overall competitiveness of Mexico’s manufacturers.

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ISTANBUL, TURKEY, February 18, 2015  WorldBusiness Capital, Inc.’s Eurasia Lending Team announced the signing of a Memorandum of Understanding (MOU) with Türk Eximbank regarding the development of an innovative Trade Financing Program designed to promote exports to, and investment in, the United States by Turkish businesses.  Under the proposed program, WBC plans to offer term loans insured by Türk Eximbank for U.S.-based buyers of high-value-added products from Turkish suppliers and for U.S.-based projects involving Turkish investors and contractors.  Türk Eximbank is the official export credit agency of the Turkish government and Turkey’s major export incentive instrument.

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MUMBAI, INDIA, January 22, 2015 – WorldBusiness Capital, Inc.’s India Lending Team announced the closing of senior and subordinated loans totaling $10 million to Satin Creditcare Pvt. Ltd., a growing micro-finance institution headquartered in Delhi, India.  Satin, whose shareholders include the U.S. investment firms MicroVest Capital and ShoreCap International, was advised in the transaction by IFMR Capital, a leading investment bank in India focused on the financial sector.  WBC’s External Commercial Borrowing (ECB)-structured loans help Satin diversify funding sources and increase capacity to offer financing to India’s underserved populations.

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GUADALAJARA, MEXICO, November 3, 2014 – WorldBusiness Capital, Inc.’s Mexico Lending Team announced that it disbursed the final tranche of a $5 million long-term loan to Arrendadora y Comercializadora Lingo S.A. de C.V. SOFOM E.N.R. (Lingo), a commercial finance and equipment leasing company with headquarters in Guadalajara and a branch office in Queretaro.  Lingo is using WBC loan proceeds to fund the expansion of its portfolio of loans and leases to SMEs in Mexico.  In conjunction with the project,  Amembal & Halladay and Leasconsulting Corp., recognized experts in the global leasing industry, are providing Lingo with specialized training in the areas of lease underwriting and administration.

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QUERETARO, MEXICO, October 1, 2014 – WorldBusiness Capital, Inc.’s Mexico Lending Team announced that it closed a $5 million long-term loan to Servicios y Financiamiento Agricola S.A. de C.V. SOFOM, ENR (Sefia), a commercial finance company headquartered in Queretaro.  Pablo Rión y Asociados (Pablo Rión), an independent financial advisory firm, advised Sefia on the transaction.  Sefia will use the WBC loan proceeds to finance the agribusiness sector in northern Mexico.  Sefia operates through 18 branch locations and offers attractive loans for borrowers in the agricultural and livestock industries to purchase new equipment.

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