2018 News
Department of Commerce Appoints Silvers to U.S. India CEO Forum
HARTFORD, CONNECTICUT, October 25, 2018 – The U.S. Department of Commerce has appointed Brett N. Silvers, President and CEO of WorldBusiness Capital, Inc. (WBC), to serve as a U.S. representative to the United States-India CEO Forum. The Forum will allow private sector members to develop and provide recommendations to the two governments and their senior officials that reflect private sector views, needs, concerns, and suggestions about the creation of an environment in which their respective private sectors can partner, thrive, and enhance bilateral commercial ties to expand trade and economic links between the United States and India.
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Tengri Bank in Kazakhstan
ALMATY, KAZAKHSTAN, October 23, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to Tengri Bank JSC (Tengri) of Kazakhstan. 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 financing will provide a stable, long-term funding base for Tengri to support the expansion of its small and medium-sized enterprise (SME) lending activities throughout Kazakhstan, with a focus on supporting businesses that are majority-owned or led by women.
WorldBusiness Capital Closes $10 Million OPIC-Guaranteed Loan to Exitus Capital in Mexico
MEXICO CITY, MEXICO, September 14, 2018
– WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year loan to Mexico-based Exitus Capital. WBC’s financing represents its second long-term facility for Exitus Capital, which is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. WBC loan proceeds will be used by Exitus Capital to expand its growth objectives of funding local loans and leases for small and medium-sized enterprises (SMEs) throughout Mexico. Additionally, WBC’s second loan will help bolster Exitus Capital’s profile in international capital markets, helping the company increase access to future rounds of attractive financing.
WorldBusiness Capital Closes $10 Million OPIC-Guaranteed Loan to Victoria Bank in Kenya
NAIROBI, KENYA, June 21, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to Victoria Commercial Bank Limited (VCB) of Kenya. 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 financing will provide a long-term funding source for Victoria to support its small and medium-sized enterprise (SME) lending in Kenya, retaining a sizeable portion for woman owned and managed enterprises and “green” loans. In addition to the support for SMEs in Kenya, the developmental impact of the proposed WBC loan is enhanced by a number of socially responsible initiatives in Kenya that VCB currently sponsors.
Presidential Award for Exports Presented to WorldBusiness Capital
HARTFORD, CONNECTICUT, May 21, 2018 – U.S. Secretary of Commerce Wilbur Ross presented WorldBusiness Capital, Inc. (WBC) with the President’s “E” Award for Exports at a ceremony today in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. Brett Silvers, WBC’s President & CEO, and Leslie Galbraith, WBC’s Executive Vice President & CFO, received the Award on behalf of the company.