SAINT JOSEPH, MICHIGAN, April 2, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8.5 million, 10-year commercial term loan to Michigan-based Wolverine Metal Stamping, Inc. (Wolverine).  WBC is the only U.S. financial institution that has a framework agreement for loan guarantees with Bancomext, the Mexican Government’s export credit and development agency that finances Mexican companies competing in international markets.  Proceeds of WBC’s loan will be used by Wolverine to expand the production capacity of its operations in Mexico by financing the acquisition of new equipment, inventory purchases, and related working capital needs.

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