Funding provider hits £90m lending milestone
Reward Finance Group delivered its strongest ever 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.
The group has also confirmed plans to expand its geographical footprint and will be launching in both the midlands and Scotland over the summer.
To cater for the impressive growth and maintain its high level of support for SME clients, the business which has offices in both Leeds and Manchester has strengthened its client relationship management team with the internal promotions of Bethany Hunnebell and Claire Mitchell to portfolio managers.
Tom Newhouse has also been promoted to operational excellence manager and will support Reward in continuing to deliver and improve top quality service and operational effectiveness, through best practice and IT investment, as the business grows and opens new locations.
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 Scotland and the Midlands.”
