Renasant Business Credit announced that it recently closed a term loan for an existing ABL client. The name of the client was not revealed.
“I am very pleased we were able to assist our client with this refinancing project,” said Mike Knuckles, the EVP and Division Manager. “This was a highly structured loan transaction secured by a very unique asset that has a significant amount of value. We are excited to expand upon our existing $7.5 million revolving credit facility”.
Renasant Business Credit, the Atlanta-based division of Renasant Bank, provides asset-based lines of credit from $2-30 million to lower and mid-market companies throughout the Southeast.