The bridging lender also received an additional funding line with Baltic International Bank which offers an initial facility of several million pounds which will grow over the course of the next 12 months.
The two funding lines will be used to fund Tiuta’s core business proposition of bridging and short-term loans.
Steven Nicholas, chief executive officer at Tiuta, said: “The £30 million of new lending comes from our existing finance sources and we are therefore actively looking to fund a variety of new loans over the course of December and January.
“Added to this is our new strategic partnership with Baltic International Bank which is providing a separate funding line, enabling us to generate and complete on further business.
“The Baltic International Bank arrangement begins with finance availability of several million pounds however this is likely to grow as we develop the offering over the course of the year.”
