Reward Finance Group surpasses £100m loan book milestone

Reward Finance Group’s loan book has exceeded the £100m mark.

The alternative finance company, which recently added a hub in Birmingham to its Leeds and Manchester offices, has grown its loan book by 27% over the past 12 months, and added 10 more people to its team.

It is now planning to expand its headcount further and increase its regional presence with new offices.

Nick Smith, group managing director at Reward Finance Group (pictured above), said: “The last 12 months proved a challenge for some of our customers, and it was therefore vitally important that we were there to support those who were adversely affected by being flexible and pragmatic.

“However, there were many companies who were changing and adapting their businesses who quickly needed working capital to help them succeed. 

“We therefore put out a clear message that we were open for business and keen to lend, which resulted in us breaking through the £100m mark [and recording] our biggest deal during this time of £4.8m.

“The past year has certainly shown the true value of alternative finance providers and helped put us firmly alongside traditional lenders. 

“We therefore expect the loan book to continue to rise as the market opens back up, which will lead to further recruitment of experienced personnel.”

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