WorldBusiness Capital, Inc. (WBC) announced the recent closing of a $15 million commercial loan to India’s Asirvad Microfinance Limited. WBC’s loan is guaranteed by United States International Development Finance Corporation (DFC), America’s development bank. DFC partners with the private sector to finance solutions to critical challenges involving energy, healthcare, infrastructure, and technology throughout the developing world. Funding from WBC will enable Asirvad to expand its business of providing small loans that help low-income women entrepreneurs in rural areas start and expand businesses. Asirvad employs a group lending model where low-income women guarantee each other’s loans.

Brett N. Silvers, CEO of WorldBusiness Capital, Inc. (WBC), has been appointed by the Secretary of Commerce, Gina M. Raimondo, to serve as a member of the U.S. Department of Commerce Trade Finance Advisory Council (TFAC) through August 2022. The TFAC serves as the advisory body to the Secretary of Commerce on policy matters such as access to trade finance for U.S. exporters, including small and medium-sized enterprises, and their foreign buyers. The TFAC comprises private sector stakeholders convened by the Department of Commerce to identify and develop solutions to trade finance challenges.

WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to Ecuador-based Cooperativa de Ahorro y Crédito Jardin Azuayo Ltda. (Jardin Azuayo). WBC’s loan is guaranteed by U.S. International Development Finance Corporation (DFC), America’s development bank, which partners with the private sector to finance solutions to the most critical challenges facing the developing world today. Proceeds of WBC’s $10 million loan will be used by Jardin Azuayo to support their co-op members by providing loans to micro-enterprises and SMEs in Ecuador.

Anne Evans, CEO of Connecticut-based Universal Strategies Limited and former Director at the U.S. Department of Commerce International Trade Administration, has been appointed Senior Advisor at Hartford’s domestic and international commercial lending institution, WorldBusiness Capital, Inc. (WBC). Evans, with more than 40 years of experience in the U.S. and global marketplace with senior government and private sector business and trade positions, will provide market strategy and operations advisory services to the WBC team.