Reward Funding review 2026: short-term secured money, not a term loan
By the CapExpand team
Reviewed by Alex Beardsley, Founder · UK commercial finance broker
Facts checked 7 September 2026 · first published 7 September 2026
Read against rewardfunding.co.uk including its product pages, FAQs, about page and complaints procedure, plus the Companies House record and filed accounts to 28 February 2026 for Reward Finance Group Limited. The accounts are a scanned filing and those figures were read by OCR.
The short answer
Reward Funding is a short-term secured lender and nothing else. Its business and property facilities run 3 to 12 months, up to £5m, from 0.99% a month, with interest paid monthly, no capital repayment and the whole balance settled at the end or renewed under a fresh agreement. Asset finance is the one longer product, from £100,000 to £5m from 12% a year.
That shape decides who it fits. If your plan is to repay steadily out of trading profit over four years, this is the wrong lender and the maths will not work. If you have a specific event to fund and a defined exit, a sale, a refinance, a contract completing, then a 3 to 12 month interest-only facility secured on property or plant is a sensible tool.
Our view in one line: good for asset-rich businesses with a dated exit, wrong for anyone looking for a repayment loan, and a lender whose renewal option should be read as a fresh agreement with fresh fees rather than an extension.
Key facts
Legal entity
Reward Finance Group Limited (07385919), 12 King Street, Leeds
Brand
Rebranded to Reward Funding; rewardfinancegroup.com redirects to rewardfunding.co.uk
Business finance
Up to £5m, 3 to 12 months, from 0.99% a month
Property finance
Up to £5m, 3 to 12 months, from 0.99% a month, first or second charge
Asset finance
£100,000 to £5m from 12% a year, multi-asset including property
Asset finance term
24 to 60 months on the product page; 12 to 60 on the FAQ
Repayment
Interest monthly, no capital repayment, bullet settlement at the end of term
Security
Property, plant and machinery and more; assets may be unencumbered or already on finance
Fees
Set-up, monthly interest and exit fees referred to but never quantified
Structures
Property finance explicitly accepts sole traders
Personal guarantee
Not published anywhere on the site
FCA status
No FCA statement, FRN or ombudsman reference anywhere on the site
Loan book
£366.9m at 28 February 2026, up £46.3m over the year
Ownership
Traces to Genfin Holdings Proprietary Limited, Cape Town
Reward Funding’s own product pages, FAQs and complaints procedure, plus Companies House, checked 7 September 2026.
What we can place with Reward Funding
Reward Funding sits on our panel with 10 live products across 3 categories. This is what we hold, not what they advertise.
| Category | Products | Size | Term | Rate |
|---|---|---|---|---|
| bridging finance | 8 | £100,000 to £7.5m | 1 month to 2 years | 0.99% to 1.25% |
| invoice finance | 1 | £100,000 to £3m | 3 months to 12 months | 15% to 19% |
| secured business loans | 1 | £100,000 to £3m | 12 months to 3 years | 12% |
Spans across Reward Funding products on our panel, checked September 2026. Shown per category, because one range across different product types would describe something no business can actually have. These are not offers, quotes or rates you will be given, and a dash means we hold no published figure for that field. All lending is subject to status and the lender's own checks. Naming a lender is a fact about our panel: it is not an endorsement of CapExpand by Reward Funding, and implies no affiliation. Panel composition changes.
The rebrand, and the products that went with it
The company is Reward Finance Group Limited, Companies House 07385919, incorporated on 23 September 2010 and previously named Reward Capital Limited and then Reward Investments Limited. It trades as Reward Funding and the old domain, rewardfinancegroup.com, now issues a permanent redirect to rewardfunding.co.uk. The site footer, oddly, still reads “© Copyright 2024 Reward Finance Group Limited” two years on.
The rebrand in September 2024 came with five product areas: property finance, business finance, specialist finance, asset finance and invoice finance. In September 2026 the site lists three: property finance, business finance and asset finance. Specialist finance and invoice finance have gone. We found no announcement explaining either withdrawal, so we report the change rather than the reason. If you were looking for a Reward invoice finance facility because a comparison site still lists one, it is not on the menu.
Leadership changed in 2026 too. On 12 March 2026 Reward announced that group managing director Nick Smith had been appointed chief executive, with group financial director David Harrop promoted to chief financial officer, and noted that Smith had also become a shareholder. The company reports passing a £350m loan book for the first time in its fifteen year history during 2025.
What Reward actually lends
Business finance goes up to £5 million, from 3 to 12 months, from 0.99% a month, with an option to renew at the end of the term. Reward describes it as money you “pay interest monthly with no capital repayment” and settle at the end, and suggests you “use your loan like an overdraft”. Property finance uses the same amounts, terms and headline rate, against residential and commercial property, first or second charge, and across ownership structures “from limited companies to sole traders”. Reward says it can provide “100% of the purchase price(s)”, with set-up and legal fees rolled into the agreement so nothing is payable upfront.
Asset finance, which Reward calls Strategic Asset Finance, is the longer-dated product: from £100,000 to £5m, from 12% a year, secured on multiple assets including property. The term is given as 24 to 60 months on the product page and 12 to 60 months on the FAQ page of the same site. Both figures are Reward's. We would take the shorter minimum as available only if the offer says so.
The security position is broader than most lenders will take. Reward will lend against commercial and residential property, plant and machinery and more, and the assets “can be unencumbered or on-finance with other lenders, and either on or off balance sheet”. Sitting behind someone else's charge is a genuine capability and also a complication: the existing lender's consent and any intercreditor terms are not discussed anywhere on the site, and they are usually the thing that decides whether a second charge deal completes on time.
What it costs, and what a bullet repayment means
From 0.99% a month is roughly 11.9% a year before any fees, and it is a “from” rate, so the case that gets it is the strongest one. Fees exist and are not quantified anywhere: Reward promises “Transparent fees, tailored to you. Know exactly what you're paying, from setup to monthly interest and exit”, which names three fee types without pricing any of them. Set-up and legal fees can be rolled into the agreement, which is convenient and means you pay interest on them for the life of the facility.
The repayment shape is the part to think hardest about. Interest only, no capital repayment, and the full balance due at the end of a term that may be as short as three months. On £500,000 at 0.99% a month, the monthly cost is around £4,950 and the £500,000 itself still has to be found at the end. Reward frames the renewal option warmly: “If your sale takes longer than expected, you have the option to extend your loan at the end of the term without any pressure to return the funds.” A renewal is a fresh agreement, which normally means fresh set-up and legal costs, so the friendly framing should not be read as a free extension.
Whether the rate is fixed or variable is not stated on the site. The filed accounts note that “Facilities originating before June 2022 are on a fixed interest rate basis”, which implies that facilities written since then are not. That is worth asking about directly, because on an interest-only facility the rate is the entire cost.
Who Reward will lend to
No minimum trading history and no minimum turnover are published, and there is no sector exclusion list. Property finance explicitly accepts sole traders. One of Reward's own published case studies funds a start-up with no trading history at all, a pet cremation business, which tells you the underwrite is driven by the security and the exit rather than by the accounts.
The clearest statement of appetite is not on the website at all, it is in the filed accounts, and it is the single most useful thing a borrower can know about this lender. Reward's own credit policy requires security to be “sufficient to enable, on a forced sale basis, the full repayment of the Reward facility balance within a three-to-six-month timescale”. Read that as the test your asset has to pass. If the security could not be sold quickly at a discount and still clear the loan, the deal does not fit, whatever the trading looks like.
No personal guarantee wording appears anywhere on the site, on any product. Given the security-led approach and the second charge lending, the guarantee position is a question to ask at the first conversation rather than one to discover in the documents.
Regulation, complaints and the route if something goes wrong
No FCA statement, firm reference number or ombudsman reference appears anywhere on rewardfunding.co.uk, including the footer, the terms of use and the complaints procedure. For secured commercial lending to businesses that is a normal position rather than an oversight, because this kind of lending sits outside the FCA perimeter and no permission is required for it.
What is less usual is the complaints procedure itself. It promises acknowledgement within 48 hours if a complaint is not resolved immediately, a formal written response from a senior manager within five business days, and an explanation of any delay normally within four weeks. It names no external escalation route at all: no ombudsman, no regulator, no trade body. For an unregulated business facility there is no Financial Ombudsman Service right in any case, so the practical effect is that the end of Reward's own process is the end of the process. That is a reason to get the fee schedule and the renewal terms in writing before drawdown.
On reviews we are publishing nothing. Reward has two separate Trustpilot profiles, one under the old domain and one under the new, so the reputation is split across two records, and neither score could be verified. A number we cannot check is not a number we will put on this page.
Who owns Reward, and what the accounts show
The immediate parent is Reward Investments Limited, majority owned at 28 February 2026 by Genfin International Limited, a privately owned entity registered in the Isle of Man, with a 7.5% shareholding held by FirstRand Investment Holdings Guernsey Limited. The largest group into which the results are consolidated is Genfin Holdings Proprietary Limited in Cape Town. Genfin International is owned by discretionary trusts, and the directors do not consider the company to have an ultimate controlling party. Two earlier shareholders sold out to Genfin International on 26 July 2024.
The year to 28 February 2026 was a good one. Gross interest and similar income of £56.5m, up 18.8% on £47.5m. Profit before tax of £12.5m, up 62% on £7.7m, and profit for the financial year of £9.24m. A year-end gross loan book of £366.9m, up £46.3m, built on £106m of new facility originations plus £73m of drawdowns on existing facilities. Average monthly headcount of 90, up from 80. The going concern basis was adopted on the strength of profitable trading with no material uncertainty disclosed. Those figures were read by OCR from a scanned filing.
One line in the accounts is worth putting next to the profit. The movement in expected credit losses was £4,932k against profit before tax of £12,450k, so impairments consumed roughly a quarter of pre-impairment profit. That is the arithmetic of short-term, security-led lending to businesses that could not get the money elsewhere, and it is priced accordingly. Funding comes from five sources: a £150.0m facility from Quilam, £100.0m from Deutsche Bank, £65.0m with Foresight, £53.0m of revolving facilities with RMB and £48.9m of shareholder loan notes.
Who Reward Funding suits
A good fit if
- A business with a dated exit: a property sale, a refinance or a contract completing inside 12 months
- Borrowers with property, plant or machinery that would clear the debt on a forced sale within three to six months
- Assets already on finance with another lender, which Reward will lend against on a second charge
- Sole traders and limited companies alike on property finance, where both are accepted
- A purchase where the 100% of purchase price structure and rolled-up set-up costs solve a timing problem
- Younger businesses, including start-ups, where the security carries the case rather than the accounts
Look elsewhere if
- Anyone wanting a repayment loan over three to five years: business and property facilities are 3 to 12 months only
- Businesses with no asset to secure, since every product is security-led
- Borrowers who need the total cost published before applying, because no fee is quantified anywhere
- A business that would struggle to refinance at the end of the term, given the balance falls due in one lump
- Anyone who wants an external complaints route, as the published procedure names none
Our verdict
Reward does one job properly. A business that needs £250,000 against a warehouse for eight months while a sale completes will find this straightforward, and the willingness to sit behind another lender's charge and to lend against assets already on finance is not common. A £366.9m loan book grown by £46.3m in a year, funded by Quilam, Deutsche Bank, Foresight and RMB, is a lender with the capacity to do what it says.
Where we are firmest: the renewal option is not an extension and should not be planned as one. Reward's own wording, that you can extend “without any pressure to return the funds”, reads more comfortably than a bullet repayment deserves. Anyone borrowing here needs the exit written down before drawdown, and a second exit if the first one slips. The honest limitation is that this is expensive money by design, at roughly 11.9% a year before fees as a starting rate, and businesses that qualify for a conventional term loan should look at the lenders on our business loans hub first. Reward is on our panel, and where the shape fits we put the case to them alongside the bridging lenders that compete for the same deals. Every figure above is subject to Reward's own checks.
Reward Funding is on our panel. So are the lenders it competes with.
One enquiry and we check your numbers against Reward Funding and the rest of the panel before anything is submitted. We arrange; the lender decides.
Frequently asked questions
Sources and method
Facts on this page were checked against the sources below on 7 September 2026. Where Reward Funding does not publish a figure we say so rather than estimate it.
- Reward Funding business finance page, read 7 September 2026
- Reward Funding property finance page
- Reward Funding asset finance page
- Reward Funding FAQs (asset finance term and amounts)
- Reward Funding about page (scale claims and process)
- Reward Funding complaints procedure
- Reward Funding, Nick Smith appointed chief executive, 12 March 2026
- Companies House, Reward Finance Group Limited (07385919) and accounts to 28 February 2026
- Bridging and Commercial, Reward Funding rebrand, September 2024
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Important information
CapExpand Ltd (FRN 1060885) is an Appointed Representative of White Rose Finance Group Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630772). We are a credit broker, not a lender, and we do not provide financial, tax or legal advice. We work with a panel of lenders whose particulars are available on request. If a deal completes the lender pays us a commission, at no cost to you; different lenders pay different amounts under different models, and we will tell you the amount for your deal on request. All lending is subject to status, valuation where applicable and the lender's own checks.
Registered office: Pure Offices, Lake View Drive, Annesley, Nottingham, NG15 0DT. Company No. 14433858.