The New York State Restaurant Association has selected Bizfi, a 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, 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.”

“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.”

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 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.