Renasant Business Credit closed a $15 million asset-based revolving line of credit for a privately-owned B2B service company headquartered in the Southeast.

“We are delighted to add another new direct loan to our existing roster of clients,” said Mike Knuckles, Renasant executive vice president and division manager. “This company had executed a significant turnaround of its operations during the past three years and wanted to graduate to a bank environment where they could have more of a relationship with their working capital lender.

Renasant Business Credit, the Atlanta-based lending division of Renasant Bank, provides asset-based lines of credit from $2 million to $30 million to lower and mid-market companies throughout the Southeast.