Renasant Business Credit closed 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 its growth plans and found Renasant understood its 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, 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.”

Renasant Business Credit is the Atlanta-based lending division of Renasant Bank, which provides asset-based lines of credit from $2 million to 20 million to lower and mid-market companies throughout the Southeast.