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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.

WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to El Salvador-based Sociedad de Ahorro y Credito Apoyo Integral, S.A. (“Apoyo Integral”). WBC’s loan is guaranteed by U.S. International Development Finance Corporation (DFC), the U.S. Government agency that helps American businesses invest in emerging markets. Proceeds of the loan will be used by Apoyo Integral to expand microloans, working capital, mortgages, and home improvement loans for low-income entrepreneurs and small business owners located in rural communities throughout El Salvador.

WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to India’s Avanse Financial Services Limited (Avanse). WBC’s loan is guaranteed by the United States International Development Finance Corporation (DFC), the U.S. Government agency that helps small and medium businesses invest in emerging markets. Funds from the loan will enable Avanse to expand its business of making educational loans to Indian students pursuing educational opportunities in India and other countries.

Please join us for a discussion about an innovative debt financing option for U.S. companies planning to expand their operations in Mexico. With WBC’s unique long-term loan program, U.S. companies no longer have to use their credit availability with U.S. lenders to finance Mexican subsidiaries and affiliates: WBC’s loans are secured only by assets in Mexico. Our panel will be moderated by Jeff White, Partner at Robinson+Cole, and includes Jeffrey W. Rossi, Managing Partner at CohnReznick, and Brett N. Silvers, President & CEO of WorldBusiness Capital, Inc. WBC’s experienced Mexico Lending Team also will be available to answer questions.

The U.S. International Development Finance Corporation (DFC) Board of Directors has approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe. An additional 30 investments totaling more than $1 billion, including guaranties for WBC loans in Colombia, Ecuador, El Salvador, and India totaling $45 million, were approved by the agency since its last quarterly Board meeting in June, bringing total investments approved over the quarter to more than $3.6 billion – DFC’s largest quarter ever.

A lead change in soccer is an exciting time…assuming of course that your team has just taken the lead. You cheer and hope that your team can hold the lead. In international trade and investment, the game has been ongoing for decades. And the U.S.-Mexico team has been a dominant team on the field. The new United States-Mexico-Canada Agreement (USMCA) was implemented on July 1st. Mexico is now well-positioned to benefit from shifts in global supply chains brought about today’s unprecedented economic and health uncertainties. A 2020 PwC study estimates that U.S. manufacturers who move production from China could cut operating costs by an additional 23% if they near-shore to Mexico.