Renasant Business Credit closed a $15 million, asset-based revolving line of credit for a Southeast-based company engaged in providing fuel management services and fuel products to large corporate owned fleets.

The company was looking for a new working capital credit facility and was introduced to Renasant by a trusted advisor who had confidence in Renasant’s ability to deliver. Renasant was ultimately able to provide the company with more borrowing availability at a reduced cost and provide the company with a fresh start from a relationship standpoint.

“This kind of value-added, relationship lending is the target market for Renasant Business Credit,” said Mike Knuckles, the EVP and division manager. “Our unique business model has clearly resonated with those working capital intensive borrowers in the lower middle market who still value having a relationship with their lender.”