Reward Finance chalks up record lending figure

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Reward Finance chalks up record lending figure

Reward Finance Group, the alternative finance provider based in Leeds and Manchester, has reported lending a record £7 million through 23 deals in October.

This rate of deals is four higher than the previous record from March 2018.

The deals comprised cash injections and invoice finance and were provided to a myriad of businesses – such as manufacturers, property developers, leisure operators, and the hospitality sector.

Nick Smith, Sales and Marketing Director of Reward Finance, said: “To complete more than a deal a day can be attributed to a number of factors. The fact that banks are still reticent about lending means companies are looking for alternative types of funding.

“In addition they want a lender who can get to grips with their business needs quickly and provide them with fast and flexible finance.

“Despite reports of Brexit fears our latest achievement shows there is still a lot of activity across all sectors by ambitious companies who want to grow their businesses.”