2021 News
India-Based Asirvad Microfinance Obtains $15 Million Loan from WBC to Support Rural Business
CHENNAI, INDIA, June 15, 2021 - WorldBusiness Capital, Inc. (WBC) announced the recent closing of a $15 million commercial loan to India’s Asirvad Microfinance Limited. WBC’s loan is guaranteed by United States International development Finance Corporation (DFC), America’s development bank. DFC partners with private sector to finance solutions to critical challenges involving energy, healthcare, infrastructure, and technology throughout the developing world. Funding from WBC will enable Asirvad to expand its business of providing small loans that help low-income women entrepreneurs in rural areas start and expand businesses.
U.S. Commerce Secretary Names CEO Silvers to Trade Finance Advisory Council
WASHINGTON, D.C., May, 4, 2021 – Brett N. Silvers, CEO of WorldBusiness Capital, Inc. (WBC), has been appointed by the Secretary of Commerce, Gina M. Raimondo, to serve as a member of the U.S. Department of Commerce Trade Finance Advisory Council (TFAC) through August 2022. The TFAC serves as the advisory body to the Secretary of Commerce on policy matters such as access to trade finance for U.S. exporters, including small and medium-sized enterprises, and their foreign buyers. The TFAC comprises private sector stakeholders convened by the Department of Commerce to identify and develop solutions to trade finance challenges.
WBC Appoints Anne Evans as Senior Advisor to Expand Financing for Manufacturers
HARTFORD, CONNECTICUT, April 30, 2021 – Anne Evans, CEO of Connecticut-based Universal Strategies Limited and former Director at the U.S. Commerce International Trade Administration, has been appointed Senior Advisor at Hartford’s domestic and international commercial lending institution, WorldBusiness Capital, Inc. (WBC). Evans, with more than 40 years of experience in the U.S. and global marketplace with senior government and private sector business and trade positions, will provide WBC with market strategy and operations advisory services for its lending to the manufacturing sector.
El Salvador-Based S&L Apoyo Integral and WBC Close on $10 Million DFC-Guaranteed Loan
SAN SALVADOR, EL SALVADOR, March 8, 2021 – WorldBusiness Capital, Inc. (WBC)announced the closing of a $10 million, 10-year commercial loan to El Salvador-based Sociedad de Ahorro y Credito Apoyo Integral, S.A. (Apoyo Integral). WBC’s loan is guaranteed by U.S. International Development Finance Corporation (DFC), the U.S. Government agency that helps American businesses invest in emerging markets. Loan proceeds will be used by Apoyo Integral to expand microloans, working capital, mortgages, and home improvement loans for low-income entrepreneurs and small business owners located in rural communities throughout El Salvador.
