Renasant Business Credit closes a $15 Million Revolving Credit Facility

Renasant Business Credit is pleased to announce the funding of a $15 million asset-based line of credit to a fuel distributor located in the Southeast, primarily serving the oil and gas industry.  Renasant Business Credit worked closely with a leading private equity firm in the Southeast to assist this portfolio company.  The new facility will be used to fund the rapid growth of the company and for daily working capital needs.     

"At Renasant Business Credit, we are committed to helping businesses thrive by providing tailored financing solutions that unlock their full potential," said Pat Trammell, EVP of Asset Based Lending. "This new closing reflects our ability to support a diverse range of industries and provide critical working capital to fuel growth and 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, our dedicated team offers Working Capital Lines of Credit ranging from $5 million to $40 million, with the flexibility to accommodate larger requests through participations or syndications. Our offices in Birmingham, Atlanta, and Memphis are strategically positioned to serve companies across the Southeast, and collectively, we 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.