Reward Finance Group
Leeds-headquartered specialist lender providing asset-secured working capital and property finance to UK SMEs, from £100k to £5m.
What they do
Reward Finance Group offers short-to-medium-term secured lending to UK SMEs and property investors across three broad product lines: Business Finance (asset-backed working capital and acquisition finance), Property Finance (bridging and short-term property loans, first and second charge), and Asset Finance (equipment and plant). Their core "Asset Based Solutions" product consolidates multiple asset classes — debtors, commercial and residential property, plant and machinery, and stock — into a single facility, with advance rates publicly stated at up to 90% against debtors, 80% against residential property, 70% against commercial property, and 60% against plant and machinery. Invoice finance is also offered as a standalone product through subsidiary Reward Invoice Finance Limited. Facilities run from 3 to 60 months depending on product, with revolving and term structures available. Since inception in 2010 the group has deployed over £1.2bn across more than 2,000 clients; as of late 2024 its loan book exceeded £200m with a stated target of £500m within three years.
Where they fit in a lower-mid-market raise
Reward is well-suited to UK SMEs that are asset-rich but find mainstream banks unresponsive — particularly where a business has tangible collateral (property, plant, debtors) but an irregular earnings profile, limited track record, or a time-sensitive need. Their case study range shows deals from c.£110k to over £4m, placing them in the lower-mid-market. For a lower-mid-market borrower seeking a working capital facility or short-term bridging loan secured against mixed assets, and where speed of credit decision matters, Reward is a credible first-call option. They explicitly state appetite for distressed and turnaround situations, which broadens their relevance in restructuring-adjacent mandates. Their six regional offices (including Leeds HQ) mean regional relationship coverage is genuine rather than nominal.
Where they are not the fit
Reward is not a fit where the borrower needs a clean unsecured or cashflow-only facility: every product requires tangible collateral. Their published upper ticket of £5m means they are not suited to transactions materially above that level. They are a short-to-medium-term lender (typically 3–60 months) rather than a provider of long-term term loan capital, so they are less appropriate where a borrower needs a five-year-plus facility without refinancing risk. Businesses with no realisable asset base — e.g. pure SaaS or professional services firms with minimal tangible assets — are unlikely to fit their credit model.
Published terms
- Pricing
- Not published
- Speed to terms
- Not published
- Sponsored or sponsorless
- Both - primarily sponsorless/owner-managed (acquisitions, MBOs, working capital)
- Where they lend
- England, Scotland and Wales; six regional offices (Leeds HQ)
- How they decide
- Independent privately-owned lender; in-house credit, no external bank chain; delegated authority implied; six regional offices. Authority is delegated below committee on at least part of the book
- Security
- A borrowing base over receivables, inventory and plant
- Covenants
- Springing covenant, tested only when a trigger is hit
As published by the lender and last reviewed July 2026. Terms quoted on a deal are set by the credit, not by a published band.
What rules a deal out
Stated limits, taken from Reward Finance Group’s own published criteria. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- ~£5m effective facility cap - above ~£5m off-piste
- Short-to-medium term (min 12 months)
- No appetite in adult, crypto, gambling or weapons
How they sit against the category
- Its published ceiling is £5m; 26 of the 40 asset-based lenders here go at least as high.
- Like 29 of the 40, it publishes no indicative price — a margin comes from a conversation, not a page.
Counted across the 40 asset-based & asset-finance lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Reward Finance Group write?
Published facilities reach £5m, and the bottom of the published range is small-ticket business rather than a corporate facility. A band is what a lender states it will do, not what it will do on a given credit.
What security does Reward Finance Group take?
On the published terms, a borrowing base over receivables, inventory and plant. What a lender takes on a given facility is set in the documents, not by a published stance.
Does Reward Finance Group lend to companies without a private-equity sponsor?
Yes. Reward Finance Group lends to owner-managed and sponsor-backed borrowers alike, so a company with no private-equity backer is not out of scope on that ground.
Where does Reward Finance Group lend?
Reward Finance Group lends in England, Scotland and Wales; six regional offices (Leeds HQ).
What covenants does Reward Finance Group set?
Springing covenant, tested only when a trigger is hit. A covenant package is negotiated on the facility; the published style is where the negotiation starts.
On the record
Reward Finance Group Limited incorporated 23 September 2010; registered office 1st Floor, 12 King Street, Leeds, LS1 2HL; Companies House number 07385919; SIC 64205 (activities of financial services holding companies); status: active.
Asset Based Solutions product lends from £100,000 to £5m with advance rates of up to 90% against debtors, 80% against residential property, 70% against commercial property, and 60% against plant and machinery; stock reviewed case-by-case; minimum term 12 months.
FIBA press release — Reward Finance Group simplifies lending product
Loan book exceeded £200m milestone as of late 2023; group has supported over 500 SMEs from six regional offices and deployed more than £1bn since inception across 2,000+ clients.
FIBA press release — Reward secures additional £50m facility
In February 2025 Reward closed £360m of new debt facilities: a £100m debut private securitisation, a £150m senior facility from Quilam Capital, and £110m from existing partners Foresight Group and RMB; stated target is a £500m loan book within three years.
Case studies on the Reward website show completed transactions ranging from c.£110k (hospitality) to over £4m (revolving credit facility and shopping centre), with a £10.5m deal also referenced for a property buying company.
Reward Invoice Finance Limited (subsidiary) is separately incorporated at Companies House with company number 09432479, registered at the same Leeds address.
Sources: rewardfunding.co.uk · thebusinessdesk.com · fiba.org.uk
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.