Renasant Business Credit closed a $5 million asset-based revolving line of credit for a Southeastern-based company that produces a range of high-performance biopolymer products for various industries including pharmaceutical, oil and gas, mining and water treatment.

The company was looking for a lending relationship to support its growth. Renasant was introduced to the company by a private equity firm which has an investment in firm. 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 hallmark of Renasant Business Credit,” said Mike Knuckles, EVP and division manager. “Our unique, integrated business model clearly resonates with working capital intensive borrowers in the lower middle market who still value having a true relationship with their lender.”

Renasant Business Credit, the Atlanta-based lending division of Renasant Bank, provides asset-based lines of credit from $2 million to more than $15 million to lower and mid-market companies throughout the Southeast.