Reward for hitting lending milestone

Published on

Reward Funding’s loan book has broken through the £300m barrier for the first time in its history.

Since it first launched in 2010, Reward Funding has helped ‘thousands’ of SMEs with £1.2bn in alternative lending.

“Our team approach each deal individually, tackling the unique challenges they present and finding the best solution”

Nick Smith, group managing director of Reward Funding, said: “We have seen significant growth in recent years, and to increase the loan book by a further £100m in less than 15 months reflects our determination to be at the forefront of the lending market.

“It also shows that we will continue to drive it forward far into the future.

Nick Smith

“With over 14 years in the industry we are the original alternative finance provider, and we still stand by our goal of supporting entrepreneurial people and helping their businesses thrive.

“Our team approach each deal individually, tackling the unique challenges they present and finding the best solution.

“This milestone achievement comes at a time where SMEs face ongoing economic uncertainty, compounded further by the challenging landscape.

“But our message is clear, we are here and we are ready to provide funds for businesses looking to put ambitions into motion.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

House prices record first annual fall since November 2023

UK house prices fell by 0.4% in the year to August, the first annual...

New housebuilder registrations fall 34% from 2022 peak

The number of housebuilding companies being established in the UK has fallen by 34%...

HSBC UK to raise rates across residential and buy-to-let ranges

HSBC UK will increase rates across a range of two-year and five-year fixed mortgages...

Gilt turmoil puts fresh pressure on mortgage rates

Rising government borrowing costs are putting renewed upward pressure on UK mortgage rates as...

UK needs first primary surplus in 25 years, warns NIESR

The UK needs to run its first primary budget surplus in 25 years if...

Latest opinions

In our industry, competition and collaboration aren’t opposites

If there's one theme running through the market at the moment, it's the power...

We must not accept our snail’s pace home buying system

Buying a house in this country can be ridiculously slow, as a handful of...

Deferment and capitalisation rates: small percentages, large consequences

The Government is currently consulting on Leasehold enfranchisement valuation rates to determine what deferment...

Your clients can’t tell which firm they’re dealing with

Two clients walk into your firm in the same week. One of them is a...

Other news

House prices record first annual fall since November 2023

UK house prices fell by 0.4% in the year to August, the first annual...

In our industry, competition and collaboration aren’t opposites

If there's one theme running through the market at the moment, it's the power...

New housebuilder registrations fall 34% from 2022 peak

The number of housebuilding companies being established in the UK has fallen by 34%...