The family-owned firm owns 128 pubs throughout the North West and spent £5m on refurbishments across its portfolio in 2016.
The financing package will be used to acquire and open more community and food-led pubs in the restaurant division. Five pubs have already been acquired since the start of 2017.
Phil Rowan, finance director at Joseph Holt, said: “As the industry changes, we need to ensure we are in the best place to meet the needs of our diverse customer base.
“Our expansion plans will help us deliver our commitment to being an industry leader which is innovative and we are focused on creating strong community pubs with a high quality food offering.
“We have been working with the Royal Bank of Scotland for a very long time and value the support they have given us over the years.
They have looked at our requirements over the short and medium term and structured our funding in a simple way, enabling us to plan for the future.”
With the sixth generation of the family now working in the business, Joseph Holt was established in 1849 and has been brewing award winning beers and lagers at their brewery on Empire Street in Cheetham Hill since 1860.