2024 News
Michigan’s Wolverine Metal Stamping Expands in Mexico with WBC’s $10 Million Bancomext Loan
SAINT JOSEPH, MICHIGAN, November 12, 2024 - WorldBusiness Capital (WBC) closed a $10 million term loan to Michigan-based Wolverine, with proceeds used to expand production and finance working capital needs in Mexico. Colin Heneghan, WBC’s Senior Vice President of U.S. and Mexico Lending, commented, “WBC is delighted to support Wolverine’s continuing expansion in Mexico including additional hires, enabling the company to fulfill contracts with U.S. customers. This transaction highlights the benefits of WBC’s guaranteed lending partnership with Bancomext, Mexico’s international trade development bank, for U.S.-Mexican industrial supply chains.”