UNCASVILLE, CONNECTICUT, October 15, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of $7.5 million in long-term financing for Mohegan Renewable Energy (MS) LLC (MRES), a manufacturer of utility-grade wood pellets and a business diversification vehicle of The Mohegan Tribe of Connecticut.  WBC’s funding is being used for equipment acquisition, facilities improvement, and operation of an existing commercial scale manufacturing plant for the production of wood pellets exported to the United Kingdom.  WBC’s loan is guaranteed by the U.S. Department of Agriculture (USDA) under the Business and Industry (B&I) Guaranteed Loan Program.

Read More...

HARTFORD, CONNECTICUT, September 23, 2019 – When a husband and wife team took over an embryonic Connecticut food manufacturing business, they had a vision for growing it into a much larger operation.  The couple had a solid base:  a fully integrated operation with a production facility in India and established distribution to the U.S., Canada, and Australia.  But to substantially grow the enterprise, they needed financing – something not easy to come by, since traditional banks typically offer international lending only for larger, more established companies.  Enter Hartford-based WorldBusiness Capital.

Read More...

TORRINGTON, CONNECTICUT, May 7, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of $7.5 million in long-term financing for Seitz LLC, a leading manufacturer of custom plastic injection molded components founded in 1949 and serving a wide range of industries.  WBC’s financing includes a $5 million 15-year loan to re-finance existing high-cost short-term debt, and a $2.5 million 15-year loan for facility improvements and purchases of new production equipment.  Both WBC loans are guaranteed by the U.S. Department of Agriculture (USDA) under its Business and Industry (B&I) Guaranteed Loan Program.

Read More...

EL PASO, TEXAS, May 7, 2019 – WorldBusiness Capital, Inc. (WBC), a top lender to middle market businesses, projects and financial institutions in Mexico, attracted significant interest in its loan programs during the 11th Annual Mexico Manufacturing Supply Chain Summit held in March in El Paso, Texas.  WBC was an active participant in the conference, which is sponsored by the international business publication, MexicoNow.  WBC focuses on lending to businesses and projects in Mexico with significant growth potential, including the automotive, aerospace, electronics, and medical sectors.

Read More...

JALISCO, MEXICO, April 8, 2019 – WorldBusiness Capital, Inc. (WBC) announced the closing of a new commercial term loan of $10 million for Mexico’s Operadora de Servicios Mega, S.A. de C.V. SOFOM, E.R. (Operadora Mega). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets.  Proceeds of WBC’s loan will enable Operadora Mega to expand its lending capacity for loans and leases to small and medium-sized businesses throughout Mexico. This is WBC’s second loan to Operadora Mega.

Read More...