Reward Finance Group

Reward grows lending by 12%

Reward Finance Group has posted record year-end figures for the ninth consecutive year.

In the 12 months ending February 2020, income had increased by 16% from £12.8m to £14.9m.

The alternative finance provider saw its total lending grow by 12% to £78m.

During the year, 142 deals were completed, with client numbers now standing at 276 across its offices in Leeds and Manchester.

Nick Smith, group managing director at Reward Finance Group (pictured above centre left), said: “We are very pleased to have achieved yet another record year of growth. 

“The results come against a background of continued investment in people and IT, and a strong contribution from both our regional offices has driven these impressive results.

“During the pandemic, the business has continued to operate successfully and has supported existing clients that have been affected by the current challenges.

“Conversely, we are providing new funding for businesses that have seen unprecedented demand for their products and services. 

“We are also providing working capital injections for several companies which have repurposed their manufacturing facilities to fulfil an urgent need for vital equipment, such as PPE.
“Throughout these testing times, our approach has remained unchanged and, while new deals have been more difficult to complete, we have always found a way.

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