Renasant Closes Food Wholesaler ABL Revolver
Renasant Business Credit announced the closing of a $2 million asset-based revolving line of credit for a wholesaler of food products based in Georgia.
The company was expanding their business and was looking for a larger working capital credit facility with loan advances based on their working capital assets. The company had reached their capacity with their existing financial institution and is able to grow with Renasant.
Renasant was referred by a long time trusted advisor.
“This kind of value-added, relationship lending is the target market for Renasant Business Credit,” said Mike Knuckles, the EVP and division manager. “It’s always a rewarding experience for us to be able to assist growing companies achieve their goals. We look forward to a long lasting relationship with this client.”