Reward achieves landmark £200m lending milestone
23 Jun 2023
Reward Finance Group has cemented its twelfth year of continuous growth, by breaking through the £200m loan book milestone for the first time.
Reward, which supplies SMEs with tailored business finance loans and asset based solutions of between £50k and £5m, is marking the landmark by donating £2,000 to reforestation company Tomorrow’s Forests in line with its sustainability goals to help local communities and the environment.
The £200m lending milestone has been a major boost to the regional economies across Reward’s offices in Leeds, Manchester, Scotland, Birmingham and London. Since its inception in 2011, the alternative finance provider has supported over 2,000 businesses across the UK by providing over £1bn of working capital needed to drive increased revenue, create jobs, innovate or navigate through a difficult trading period.
Commenting on the £200m milestone, Reward’s group managing director, Nick Smith, said: “Achieving such an exceptional lending milestone underlines the ongoing hard work and expertise within our team across our five regional offices. It’s also testament to the terrific relationships we’ve forged with our extensive network of SMEs, commercial finance brokers and other introducers.”