2025 News
Colin Heneghan Appointed as WBC’s New Executive Vice President & Chief Lending Officer
HARTFORD, CONNECTICUT, September 25, 2025 - WorldBusiness Capital, Inc. (WBC) is pleased to announce the promotion of Colin Heneghan to the position of Executive Vice President & Chief Lending Officer. Mr. Heneghan previously served as Senior Vice President for Commercial Lending. In his new role as Chief Lender, Mr. Heneghan will lead WBC’s commercial lending functions and initiatives in the United States and Mexico. Brett Silvers, WBC’s CEO, commented, “Colin has consistently demonstrated exceptional leadership, deep industry knowledge, and a commitment to our clients’ success.”
Sheffield Pharmaceuticals Expands Product Line With New $12 Million USDA Loan From WBC
NEW LONDON, CONNECTICUT, July 16, 2025 - WorldBusiness Capital, Inc. (WBC) announced the closing of a $12 million 18-year loan to Connecticut-based manufacturer, Sheffield Pharmaceuticals. Loan proceeds were used to expand the 150-year old company’s product line for the pharmaceutical market. WBC’s loan is partially guaranteed by USDA under the Business and Industry (B&I) Program. Jeffrey Davis, Sheffield’s CEO, noted, “long-term financing from WBC will play a crucial role in enabling our company to innovate and grow.” WBC’s Chief Lender, Colin Heneghan, expressed enthusiasm for the continuing relationship with this dynamic Connecticut company.
Antonucci Foods Acquisition in Upstate New York Financed by WBC’s $5.4 Million USDA Loan
GLOVERSVILLE, NEW YORK, April 21, 2025 - WorldBusiness Capital, Inc. (WBC) announced the closing of a $5.4 million long-term loan to New York’s Antonucci Foods. Proceeds financed the acquisition and expansion of the 40+ year-old food distributor, which serves a 120-mile radius from its Gloversville base. Wes Abram, the company’s president and co-owner, thanked WBC and investment fund Talus Holdings for their role in financing the buyout. Colin Heneghan, WBC’s Senior Vice President of Commercial Lending, commented that WBC is excited to help Antonucci’s continue its tradition of providing New York’s citizens with fresh meat, seafood, and produce.