Leeds lender doubles capacity with 40m Foresight investment

Reward Finance Group has doubled the quantity it might offer SMEs after securing a 40 million investment from Foresight Group.

The alterative lender, based in Leeds and Manchester, was founded instruction online 2011 by MDs Tom Flannery and David Jones.

In the year ending February 2017, Reward advanced funds totalling 84 million plus the year-end loan book stood at 40 million, up 25% around the previous year.

Mr Flannery said: “While our company is growing this company with substantial loan facilities made available from our ultimate parent since our inception in the year 2011, we’re also looking for a senior debt funding facility to consider business on the next phase.

“Amy Crofton and the Foresight team experience an in-depth understanding of the united kingdom alternative funding market, and actually grasped that no person deal is the same as another, when lending to SMEs.”

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