2014 News
Loan Tranche Disbursed by WBC Expands Financing for Mexican SMEs
GUADALAJARA, MEXICO, November 3, 2014 – WorldBusiness Capital, Inc.’s Mexico Lending Team announced that it disbursed the final tranche of a $5 million long-term loan to Arrendadora y Comercializadora Lingo S.A. de C.V. SOFOM E.N.R. (Lingo), a commercial finance and equipment leasing company with headquarters in Guadalajara and a branch office in Queretaro. Lingo is using WBC loan proceeds to fund the expansion of its portfolio of loans and leases to SMEs in Mexico. In conjunction with the project, Amembal & Halladay and Leasconsulting Corp., recognized experts in the global leasing industry, are providing Lingo with specialized training in the areas of lease underwriting and administration.
WBC Closes Long-Term Loan to Support Mexican Agribusiness Sector
QUERETARO, MEXICO, October 1, 2014 – WorldBusiness Capital, Inc.’s Mexico Lending Team announced that it closed a $5 million long-term loan to Servicios y Financiamiento Agricola S.A. de C.V. SOFOM, ENR (Sefia), a commercial finance company headquartered in Queretaro. Pablo Rión y Asociados (Pablo Rión), an independent financial advisory firm, advised Sefia on the transaction. Sefia will use the WBC loan proceeds to finance the agribusiness sector in northern Mexico. Sefia operates through 18 branch locations and offers attractive loans for borrowers in the agricultural and livestock industries to purchase new equipment.
WBC Finances U.S. Buyers of Indian-Made Machine Tools
RAJKOT, INDIA and DES PLAINES, ILLINOIS, February 18, 2014 – WorldBusiness Capital, Inc.’s India Lending Team, led by Scott Freiday, Senior Vice President and Managing Director-India, and Rohit Choudhary, Vice President and Director-India, closed an innovative medium-term loan for a U.S.-based technical training school to purchase machine tools manufactured and exported by Jyoti CNC Automation Ltd. of Rajkot, India. The loan, structured with the assistance of WBC’s Chief Lending Officer, Rob Monyak, financed the sale of Indian- made machine tools in the U.S. market.
Top Indian Micro-Finance Institution Receives ECB Term Loans from WBC
MUMBAI, INDIA, January 3, 2014 – Grama Vidiyal Microfinance Ltd., based in Tamil Nadu and advised by Avendus Capital, a leading Indian investment bank, has received both senior and subordinated debt financing from WorldBusiness Capital, Inc. WBC’s India Lending Team, headed by Scott Freiday, Senior Vice President, and assisted by Rohit Choudhary, Vice President, managed the Grama Vidiyal transaction and plan to expand medium and long-term lending for financial institutions and industrial businesses throughout India.