Renasant Business Credit announced the closing of a $5.5 million asset-based revolving line of credit for a Southeastern-based company engaged in the distribution of commercial construction products.

The company was looking for an expanded working capital credit facility to support their growth plans and found Renasant understood their industry and product/service niche. Renasant provided the company a flexible loan structure, modest covenants and a true lending relationship. 

“This kind of value-added, relationship lending continues to be the foundation of Renasant Business Credit,” said Mike Knuckles, the EVP and Division Manager. “Our unique, integrated delivery model continues to resonate with working capital intensive borrowers in the lower middle market who still  value having a relationship with their primary lender.”