WBC Closes $4.5 million Long-Term Loan Supporting Mexican SME Sector

Sep 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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