For the first time in its history, Reward Funding’s loan portfolio has exceeded £300 million, marking a significant milestone for the company.
- Originally launched in 2010, Reward Funding has aided thousands of small and medium enterprises (SMEs), distributing over £1.2 billion in support.
- The company’s growth follows a fresh rebrand and an expansion of its product range, alongside accelerated regional growth.
- Nick Smith, Group Managing Director, highlights the company’s commitment to maintaining a leading position in the lending market.
- Amid economic uncertainty, Reward Funding reassures SMEs of its readiness to finance business ambitions.
Reward Funding has achieved a remarkable milestone with its loan portfolio now exceeding £300 million. This marks a first in the company’s history, signifying its robust position within the alternative finance sector. Since its inception in 2010, the firm has played a pivotal role in supporting thousands of small and medium enterprises (SMEs), having provided over £1.2 billion in financial backing.
The recent achievement is attributed to Reward Funding’s proactive approach, including a rebranding initiative and the enhancement of its product offerings. Regional expansion has been a focal point, further pushing the boundaries of the company’s reach and influence across different markets.
Nick Smith, the Group Managing Director, expressed his satisfaction over the firm’s rapid growth. He emphasised the recent increase of £100 million in the loan book within a span of less than 15 months as a testament to the company’s determination to remain at the forefront of the lending industry. Reward Funding prides itself on its original role as an alternative finance provider and continues to aim for further advancement.
Smith reiterated the company’s foundational goal of nurturing entrepreneurial ventures and empowering businesses to thrive. He made it clear that each financial agreement is approached with a bespoke strategy, addressing unique challenges to find optimal solutions. This client-centric approach is seen as a cornerstone of Reward Funding’s success.
In light of the prevailing economic uncertainty faced by SMEs, Reward Funding underlined its dedicated role as a financial supporter prepared to help businesses achieve their goals. The message from Reward Funding is unmistakably clear: the firm is poised and equipped to fuel business ambitions during challenging times.
Reward Funding’s achievement of surpassing £300 million in lending is a testament to its dynamic growth and commitment to supporting SMEs.
