Reward Funding has achieved a notable milestone, surpassing £300 million in its loan book for the first time.
- The company, launched in 2010, has assisted thousands of SMEs, amounting to over £1.2 billion in support.
- Recent growth follows a rebranding and expansion of product offerings, with accelerated regional presence.
- Nick Smith, managing director, attributes growth to the company’s focus on supporting entrepreneurial ventures amidst economic uncertainties.
- Reward Funding remains committed to funding businesses, ensuring they can pursue and realise ambitious goals.
Reward Funding, since its inception in 2010, has extended significant financial support to small and medium enterprises (SMEs). The company’s recent achievement of a £300 million loan book indicates its growing influence and capability in the UK lending market. Over the years, Reward Funding has provided in excess of £1.2 billion, signalling its dedication to fostering business growth.
The milestone coincides with a period of transformation for the company, marked by a rebranding and an expansion in its range of financial products. This period of change has also seen the company amplify its presence across the UK, further embedding itself as a leading figure in the alternative finance sector. The company’s strategy appears focused on adapting to the evolving needs of its clients while maintaining a strong regional footprint.
Nick Smith, the group managing director, has articulated this growth as reflective of Reward Funding’s commitment to being at the forefront of the lending industry. In his words, the increase in the loan book by £100 million in less than 15 months showcases the firm’s drive to propel itself forward continually. Smith emphasises the firm’s philosophy of supporting entrepreneurial ventures and addressing the unique challenges presented by each funding case.
Smith’s statement comes at a time of economic uncertainty for many SMEs, underscoring the need for reliable funding sources. He assures businesses that Reward Funding is poised to support their ambitions, implying a steady hand guiding clients through challenging economic landscapes. The firm’s bespoke approach to each deal ensures that it can adapt solutions to match specific business needs, thus helping enterprises to navigate uncertainties effectively.
Reward Funding continues to set benchmarks in the lending market, affirming its role as a pivotal supporter of business ambitions in the UK.
