Reward Funding introduces longer-term finance options for SMEs

Reward Funding is evolving its Property and Business Finance proposition to give SMEs greater certainty and flexibility over the duration of their funding. Recognising that business needs don’t always fit neatly into a 12-month funding cycle, Reward is extending its maximum lending term to 24 months.

This move gives SMEs more breathing room to execute their plans, without the pressure of having to consider an exit or refinance only months after securing funding. 

The extension reflects ongoing conversations that Reward is having with SMEs and introducers, alongside research with clients and introducers that identified a clear appetite for funding solutions that support longer-term relationships. It also reflects the reality of Reward’s existing client relationships which already average around 23 months, with the extended term providing greater continuity beyond the initial 12-month period.

Nick Smith, Reward Funding’s Group CEO, said: “We’re seeing across the market that businesses increasingly need funding solutions that look beyond the immediate requirement and consider where the business is heading.

“Funding should provide continuity and flexibility, with terms shaped around the commercial needs of the business. Our average client relationship is already around 23 months, so extending our terms brings our proposition in line with that reality, providing greater certainty from the outset. We’re constantly listening to our clients and introducers and evolving our proposition around what businesses actually need, rather than fitting them into an arbitrary funding cycle.”