It follows the lender's recent rebrand, product expansion, and regional growth efforts
Alternative lender Reward Funding has reached a £300 million loan book milestone for the first time in its 14-year history.
The achievement, the company said, underscores its commitment in supporting small and medium-sized enterprises (SMEs) with flexible funding solutions.
Since its launch in 2010, Reward Funding has provided £1.2 billion in financing to thousands of SMEs across the UK. The lender’s milestone follows a recent rebrand, the expansion of its product offerings, and accelerated regional growth efforts.
@RewardFunding Race to £300million…
— Reward Funding (@RewardFunding) November 13, 2024
Nick Smith shares the incentives on achieving this with Elizabeth Harrison and Nigel Kuvheya pic.twitter.com/NUBgJaRqJM
“We have seen significant growth in recent years,” said Nick Smith (pictured), group managing director of Reward Funding. “To increase the loan book by a further £100 million 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.
“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 ready to provide funds for businesses looking to put ambitions into motion.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
