The Lancashire-based construction company specialises in reinforced concrete foundations, roads and drainage infrastructure, and hard landscaping throughout the North West of England.
The facility provided by Aldermore will enable Taybridge Construction to manage its projects with confidence and allow it to invest in new equipment and training.
Taybridge Construction previously received a factoring facility to access periodic increases in turnover.
Stephen Taylor, director at Taybridge Construction, said that it chose Aldermore because of the specialist bank’s reputation for delivering on its promises.
- Aldermore provides £3.3m to support east London development
- Aldermore more than doubles max development loan size
- Construction company secures £100,000 funding for expansion
“The funding process is far smoother than with our previous bank and Aldermore is a much better fit to our company and goals.
“We now have the support and financial confidence we need to plan for the long term and continue to deliver high-quality construction to the North West of England.”
Karen Allen, head of specialist finance at Aldermore, added: “There is no better endorsement for us as a lender than when a client chooses to expand our relationship based on their early experiences.
“We deliver on our commitments and take the time to listen to our clients to find a solution that works for them.
“Taybridge has gone from strength to strength and we are delighted to support them, as they look to continue to fulfil their ambitious vision this year.”