Renasant Business Credit Announces over $44 Million in New Closings

Renasant Business Credit is pleased to announce four recent fundings, totaling over $44 million. These new Asset-Based Lines of Credit and Term Loans include an $6.25 million Term and Working Capital facility for a machining and supplier of precision machined components, a $8 million Line of Credit for a processor and distributor of frozen seafood, a $25 million Line of Credit to a provider of private lending services on investment real estate, and facility increase from $15 million to $20 million for a fuel distributor which servs the oil and gas industry.  All these companies are based in the Southeast.

"At Renasant Business Credit, we're proud to continue our commitment to supporting businesses in their growth and success. The approval and funding of these four new asset-based lines of credit underscores our dedication to providing flexible, tailored financial solutions that empower our clients to thrive in a dynamic market,” said Pat Trammell, EVP of Renasant Business Credit. “These new partnerships reflect our ability to respond to the evolving needs of businesses, helping them leverage their assets to fuel expansion, innovation, and resilience. We look forward to being a trusted partner in their continued success."

Renasant Business Credit specializes in delivering working capital solutions designed to maximize a company's borrowing capacity through advances on current and fixed assets. Our mission is to provide businesses with the necessary cash to operate and expand.

With over 300 years of combined experience in Asset-Based Lending, Renasant Business Credit offers Working Capital Lines of Credit ranging from $5 million to $50 million, with the flexibility to accommodate larger requests through participations or syndications. With offices in Birmingham, Atlanta, and Memphis, we are strategically positioned to serve companies across the Southeast, and collectively, have provided over $1 billion in Asset-Based financing throughout our careers. We pride ourselves on a team-oriented approach and long-term customer relationships.