Reward Finance Group Limited
LGB Corporate Finance has advised Reward Finance Group Limited on the extension of its wholesale debt funding line by £10 million.
Funds managed by Foresight Group LLP ("Foresight”) have provided an additional £10 million extension to bolster the original £40 million secured loan note programme which was agreed in August 2017 for Reward Finance Group Limited ("Reward” or the "Company”).
Leeds headquartered Reward is an independent lender which provides secured loans to UK-based SMEs seeking more flexible finance, more promptly than mainstream lenders can deliver. Reward’s bespoke funding solutions take multiple assets as security, enabling the Company to provide short to medium term loans or invoice discounting facilities to support companies in a variety of different situations.
Since the original loan note programme from Foresight was agreed last year, Reward has supported more than 100 local businesses with secured loans or invoice finance facilities, lending in excess of £40 million.