Renasant Business Credit closed an $11 million asset-based revolving line of credit for a Southeast based company providing insurance premium financing.

The company was looking for a larger working capital credit facility to help their growth objectives and was introduced to Renasant Business Credit by a trusted advisor.

“This was a unique business model that required thorough due diligence by John Willis,” said Mike Knuckles, EVP and division manager. “Since the borrower was new to asset-based lending, Willis educated them on the process, helped the client to become comfortable with a tailored product and built a solid transactional relationship in a very short period of time.”