2017 News
WorldBusiness Capital, Inc. (WBC) announced that its Americas Lending Team has closed a $15 million, 8-year loan to San Salvador-based Federacion de Cajas de Credito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecredito). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The proceeds of WBC’s loan will enable Fedecredito to provide financing to its 55 member credit unions and banks supporting SMEs throughout El Salvador.
DNIPRO, UKRAINE, December 21, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8 million, 10-year commercial loan to Ukraine’s Bank Vostok. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. WBC’s OPIC-supported loan will enable Bank Vostok to expand its lending to local small and medium-sized enterprises (SMEs) in Ukraine that are involved primarily in the processing, distribution, and export of agricultural products.
MANAGUA, NICARAGUA, December 5, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $7.5 million, 7-year commercial term loan to Managua-based Financiera Fama S.A. (Financiera FAMA). 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 be used by Financiera FAMA to on-lend to entrepreneurs and small businesses located throughout the country. Additionally, the new loan will enable Financiera FAMA to hire 100+ new employees over the next five years.
MEXICO CITY, MEXICO, November 13, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8 million, 7-year commercial loan to Mexico City-based Sociedad Financiera Equípate, S.A. de C.V., SOFOM, ENR (Equipa-T). 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 be used by Equipa-T to expand its lending to entrepreneurs throughout Mexico. This is the first foreign currency loan from an international financial institution obtained by Equipa-T.
COLOMBO, SRI LANKA, October 16, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of $15 million, 10-year commercial loan to LOLC Micro Credit Limited (LOMC). The loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The financing will be used to support LOMC’s expansion of its microfinance lending and leasing programs for underserved segments of the small business community in Sri Lanka.
HARTFORD, CONNECTICUT, September 29, 2017 – WorldBusiness Capital, Inc. (WBC) has established a strategic partnership with Logistics Plus Inc., a worldwide provider of transportation, logistics and supply chain solutions. Logistics Plus offers WBC’s international financing solutions to customers in conjunction with its international logistics, consignment warehousing, and foreign trade zone operations.
HARTFORD, CONNECTICUT, September 18, 2017 – The Export-Import Bank of the United States (EXIM), the official export credit agency of the United States, has renewed the status of WorldBusiness Capital, Inc. (WBC) as a guaranteed lender under the agency’s Medium Term Loan Program into 2019. WBC has been an Approved Finance Provider under the program since 2003, enabling the firm to offer competitive term loans covered by an EXIM guarantee for international buyers of U.S. capital goods and services.
HARTFORD, CONNECTICUT, September 8, 2017 – WorldBusiness Capital, Inc. (WBC) announced that it has been approved by the Connecticut Department of Banking as the State’s first International Trade and Investment Corporation (ITIC) licensee. This follows the passage of a new act added to the Connecticut General Statutes §36a-636a by the State’s Legislature during its 2016 regular session.
HARTFORD, CONNECTICUT, September 6, 2017 – WorldBusiness Capital, Inc. (WBC) announced that it has been approved by the U.S. Department of Agriculture (USDA) as a participating U.S. Financial Institution eligible to finance U.S. agricultural commodity exports and related facilities in emerging markets using federal loan guarantees. WBC becomes one of only 6 financial institutions in the country approved to access both the Export Credit Guarantee Program (GSM-102) and Facility Guarantee Program (FGP), which USDA’s Foreign Agricultural Service administers on behalf of the federal Commodity Credit Corporation (CCC), which issues the credit guarantees.
NEW YORK, NEW YORK, June 16, 2017 – The Overseas Private Investment Corporation (OPIC) drew more than 180 small businesses and entrepreneurs from 15 states to its Expanding Horizons small business workshop in New York City. WorldBusiness Capital’s President & CEO, Brett N. Silvers, gave the keynote luncheon speech to the conference participants, in which he remarked that, “Since 2003, our team has made over $600 million of OPIC guaranteed loans for 83 projects sponsored by U.S. small businesses, entrepreneurs, and investment funds in 20 countries located throughout Latin America, Eastern Europe, Central and South Asia, and Africa. These small businesses represent 20 states and have created hundreds – maybe thousands – of well-paying U.S. jobs thanks to OPIC’s support.”