Reward hits £350 million lending landmark

A Leeds-based finance company has reached a major milestone in its mission to support small and medium-sized businesses across the UK.

Reward Funding, one of the longest-standing players in the alternative finance sector, has surpassed a £350 million loan book for the first time in its 15-year history. 

Since its founding, the lender has provided more than £1.45 billion in lending to SMEs.

Reward has grown rapidly in recent years, adding 15 new team members and supporting 625 clients since its last lending landmark. 

This expansion has also broadened its national footprint and increased lending to industries such as leisure and hospitality, where demand for flexible finance remains strong.

Nick Smith, managing director of Reward Funding, said: “£350 million isn’t just another number, it’s proof that our approach works. 

“We back ambition quickly, and we back it well. 

“That’s why more clients and introducers are choosing Reward. 

“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.

“To have grown our loan book by a further £50 million 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.”

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