Reward Capital LLP is a Leeds-based company which has a privately-backed fund available to provide short-term asset-backed financial solutions to UK businesses.
The funds provided are used in a variety of situations including acquisition (solvent and insolvent) refinance, cashflow funding, bridging (asset and property) and consolidation.
David Jones, partner at Reward Capital, spoke of the decision to join AOBP: “Reward Capital is delighted to be joining the AOBP as an associate lender. The majority of the deals we complete are non-traditional bridging deals and membership to the AOBP will increase awareness of our offering.
“Many members of the AOBP will as yet be unaware that there is an actual home for some asset-backed funding situations which they may not have been previously able to place, particularly when speed is of the essence.”