Spring launched its specialist bridging proposition just over a year ago, and this marks the lender’s third funding line.

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The new Aldermore facility sits alongside Spring’s existing facilities with NatWest and HTB.

Andrew Bloom, CEO at Spring (pictured above), commented: “We are delighted to have completed on our third bridging funding line.

“Securing the right mix of funding is key and this stands us in good stead to achieve our ambitious growth targets.”

Matthew McNeile, BDM at Aldermore Bank, added: “It’s important for us to partner with the right businesses to help them achieve their ambitions and we’re excited to get to work with Spring.

“We look forward to a long and successful partnership, supporting their ongoing growth ambition.”