Finance group announces new office for Birmingham
SME funder Reward Finance Group has announced it will be opening new offices in Birmingham and Scotland in the next few months to add to its existing offices in Leeds and Manchester.
The news comes on the back of its strongest new business performance in March, resulting in it breaking through the £90m lending milestone for the first time, and continuing a month-on-month growth trend since last Summer.
Reward has continued to fund throughout the pandemic and has supported its changing clients’ requirements through the various lockdowns.
Speaking about the performance of the group and expansion plans, group managing director Nick Smith said: “Despite the challenges of the last 12 months, the Reward team has performed phenomenally well in funding SMEs to either take advantage of opportunities or helping them to navigate through the pandemic.
“This is helped by the fact we are receiving an increasing number of referrals as our reputation for quick decision-making, and flexibility in providing funding solutions, grows among introducers nationwide.
“Whilst we have always helped SMEs across the whole of the UK, they have been serviced from our existing Leeds and Manchester offices. However, with the current market dynamics and growth in alternative finance, and the fact we like to meet all our clients face-to-face, we now feel the time is right for an operational presence in new regions, starting with the Midlands and Scotland.
“Our secured overdraft style Business Finance product provides working capital solutions for SME’s looking to move forward with a flexible funding package post pandemic. With facilities ranging from £50k to £3m we are right in the heart of SME lending, a market that will need help moving forward.
“We have an excellent track record having operated for ten years in this sector, during which time we have supported thousands of SMEs across the north with more than £700m of funding. We believe this is now an ideal time for Reward to expand its geographical reach.”