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Renasant Business Credit Provides $2MM Facility to Food Wholesaler

December 03, 2014, 07:35 AM
Filed Under: Wholesaler

Renasant Business Credit is pleased to announce the closing of a $2 million asset-based revolving line of credit for a wholesaler of food products based in Georgia.  The company was expanding their business and was looking for a larger working capital credit facility with loan advances based on their working capital assets. The company had reached their capacity with their existing financial institution and is able to grow with Renasant.  Renasant was referred to them by a long time trusted advisor. 

“This kind of value-added, relationship lending is the target market for Renasant Business Credit,” said Mike Knuckles, the E.V.P. and Division Manager. He added, “it’s always a rewarding experience for us to be able to assist growing companies achieve their goals. We look forward to a long lasting relationship with this client.”

Renasant Business Credit, the Atlanta-based lending division of Renasant Bank, provides asset-based lines of credit from $2 million to $10 million (and more) to lower and mid-market companies throughout the Southeast.

Renasant Corporation, a 110-year-old financial services institution, is the parent of Renasant Bank and Renasant Insurance. Renasant has assets of approximately $5.8 billion and operates over 120 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.

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