Renasant Business Credit announced the closing of a $15,000,000 asset based revolving line of credit to a privately owned B2B service company headquartered in the Southeast.

"We are delighted to add another new direct loan to our existing roster of clients,” said Mike Knuckles, the EVP and Division Manager. “This company had executed a significant turnaround of its operations during the past 3 years and wanted to graduate to a bank environment where they could have more of a relationship with their working capital lender.”

“Once again our relationship driven lending model clearly resonated with this borrower. We look forward to helping them grow as they expand their business services into new geographic markets”

Renasant Business Credit, the Atlanta-based lending division of Renasant Bank, provides asset-based lines of credit from $2-30 million to lower and mid-market companies throughout the Southeast.