BALTIMORE, MARYLAND and PROVIDENCE, RHODE ISLAND, May 12, 2020 – WorldBusiness Capital, Inc. (WBC) salutes the recent openings of two new, state-of-the-art 100,000 square foot greenhouse facilities owned and operated by Gotham Greens in Baltimore, MD and Providence, RI.  The greenhouses use advanced agricultural growing methods, including hydroponics, data-driven climate control intelligence and renewable energy, while using 95 percent less water and 97 percent less land than conventional farming.  The WBC team provided long-term financing for these projects, which are located on former industrial sites in both cities.

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OAXACA, MEXICO, March 27, 2020 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $5 million, 7-year long-term loan to Mexico-based KapitalMujer, S.A. de C.V., SOFOM ENR (KapitalMujer). WBC’s loan is guaranteed by U.S. International Development Finance Corporation (DFC), America’s development bank.  DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today.  Proceeds of WBC’s loans will be used by KapitalMujer to improve the quality of life in low-income, rural communities.  The loans support many women entrepreneurs and women-owned businesses in the Central and Southeast regions of Mexico.

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SAN PEDRO GARZA GARCIA, MEXICO, January 6, 2020 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial term loan to Mexico-based Financiera Realidad, S.A. de CV SOFOM, ENR (Finreal). WBC’s loan is guaranteed by U.S.International Development Finance Corporation (DFC), the U.S. Government global development agency that helps American businesses invest in emerging markets.  Proceeds of the loan will be used by Finreal to continue to fund the underserved microcredit market in Mexico.

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.

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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.

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