NEW YORK--(BUSINESS WIRE)--The New York State Restaurant Association (www.nysra.org) has selected Bizfi, (www.bizfi.com) the premier FinTech company which combines aggregation, funding and a participation marketplace for small businesses on one platform as the exclusive financial provider for its members.
Bizfi’s platform enables the NYS Restaurant Association to provide its more than 2,000 members access to multiple types of funding including equipment financing, invoice financing, lines of credit, medium term financing, short-term financing, franchise financing and long-term loans from more than 45 partners. Bizfi’s lending partners include OnDeck, (NASDAQ:ONDK), Funding Circle, Kabbage, IMCA Capital, Bluevine, and SmartBiz. Bizfi also participates in funding on the platform. Regardless of what kind of capital is sought from any of the funding partners, the restaurant owner is guided through the process by a Bizfi funding concierge.
NYS Restaurant Association members will be able to access the Bizfi marketplace directly through the NYS Restaurant Association website – www.nysra.org.
“Restaurants have unique funding needs and owners often do not have time to spare in order to complete the long application process at traditional lenders,” said Stephen Sheinbaum, founder of Bizfi. “Now restaurants in New York can turn to NYS Restaurant Association, a partner they already know and trust, to gain access to capital which can be delivered quickly. For the NYS Restaurant Association this partnership means Bizfi handles all work associated with the lending activity from application to funding, so the association can focus on serving its members.”
Bizfi is one of the fastest growing sources of working capital and growth opportunity for the small business community. The company offers potential clients access to a broad and robust marketplace of lenders, which can quickly offer short term financing and other capital products based on a small set of financial data supplied during the online application process. Once an offer is provided, Bizfi will further vet the merchant and once the financing is underwritten, fund the small business, potentially within hours of the initial application. Bizfi is the only funding platform that allows a business owner to go directly to contract online.
“The NYS Restaurant Association prides itself on providing our members with all the resources they need to thrive, and that now includes financing,” said Melissa Autilio Fleischut, President and CEO of the NYS Restaurant Association. “Some restaurant owners may need capital for inventory or equipment and others may be considering expansion. Bizfi’s co-branded solution provides NYS Restaurant Association members access to the right financing for their needs.”
About The New York State Restaurant Association
The New York State Restaurant Association’s mission is to help restaurateurs succeed. It is the first place owners and managers turn to gain a competitive edge, by taking advantage of cost saving benefits, education, and advocacy. Founded in 1935, NYS Restaurant Association is the leading business association for the restaurant and hospitality industry in New York State. www.nysra.org
About Bizfi
Bizfi is the premier FinTech company combining aggregation, funding and a participation marketplace on a single platform for small businesses. Founded in 2005, Bizfi and its family of companies have provided in excess of $1.5 Billion in financing to more than 28,000 small businesses in a wide variety of industries across the United States.
Bizfi's connected marketplace instantly provides multiple funding options to businesses from a wide variety of funding partners and real-time pre-approvals. Bizfi's funding options include short-term financing, franchise financing, lines of credit, equipment financing, invoice financing, medium-term loans and long-term loans guaranteed by the U.S. Small Business Administration. The Bizfi API provides a turnkey white label or co-branded solution that easily allows strategic partners to access the Bizfi engine and present their clients with financial offers from Bizfi lenders all while maintaining their customer's user experience. A process that once took hours, now takes minutes. https://www.bizfi.com/
