Renasant Bank's Asset-Based Lending Division Announces $63 Million in New Closings for Q4

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders.  All of these companies are based in the Southeast.

"At Renasant Bank, we are committed to helping businesses thrive by providing tailored financing solutions that unlock their full potential," said Pat Trammell, EVP of Asset Based Lending. "These new closings reflect our ability to support a diverse range of industries and provide critical working capital to fuel growth and success."

Renasant Bank’s Asset-Based Lending division specializes in delivering working capital solutions designed to maximize a company's borrowing capacity through advances on current and fixed assets. Our mission is to provide businesses with the necessary cash to operate and expand.

With over 300 years of combined experience in Asset-Based Lending, our dedicated team offers Working Capital Lines of Credit ranging from $5 million to $40 million, with the flexibility to accommodate larger requests through participations or syndications. Our offices in Birmingham, Atlanta, and Memphis are strategically positioned to serve companies across the Southeast, and collectively, we have provided over $1 billion in Asset-Based financing throughout our careers. We pride ourselves on a team-oriented approach and long-term customer relationships.