UK alternative finance provider Reward Funding has hit £350m lending for the first time since its inception 15 years ago.
The business backed over £1.45bn so far, with deals and funding options continuing to expand nationwide. Since its last landmark, Reward has added 15 new team members and backed 625 clients in total.
Read more: Reward Funding appoints business development director
“We back ambition quickly, and we back it well – that’s why more clients and introducers are choosing Reward,” said Nick Smith (pictured), managing director of the business. “The whole country is in a difficult position with the state of the economy at the moment, and our team is ready to support those in need with our fast, flexible funding.
Read more: Reward Funding inks £360m of new debt facilities to support growth
“To have grown our loan book by a further £50m in less than a year shows the market is rewarding a different kind of lender, and it truly reflects our speed, instinct and decisiveness to support SMEs with their funding requirements.”
In April this year, the firm hired Carl Perry as a new business development director to build out Reward’s network of introducers and provide asset-secured funding solutions to entrepreneurs across the Midlands.
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