Reward achieves landmark £200m lending milestone

Reward Finance Group has broken through the £200m loan book milestone for the first time.

Reward, which supplies SMEs (small and medium-sized enterprises) with tailored business finance loans and asset based services of between £50,000 and £5m, is marking the landmark by donating £2,000 to reforestation company Tomorrow’s Forests as part of its strategy to help local communities and the environment.

A spokesman said: “The £200m lending milestone has been a major boost to the regional economies across Reward’s offices in Leeds, Manchester, Scotland, Birmingham and London.

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"Since its inception in 2011, the alternative finance provider has supported more than 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.”

Nick Smith, group managing director for Reward Finance.Nick Smith, group managing director for Reward Finance.
Nick Smith, group managing director for Reward Finance.

Commenting on the £200m milestone, Reward’s group managing director, Nick Smith, said: “Achieving such a 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.”