Restaurants in New York state will have quick access to a variety of financing options thanks to a new partnership between small business financing platform Bizfi and the New York Restaurant Association.
Member restaurants can tap into Bizfi’s network of more than 45 partners for equipment financing, invoice financing, lines of credit, medium term financing, short-term financing, franchise financing and long-term loans.
Partnering companies include OnDeck, Funding Circle, Kabbage and Bluevine. Biz also offers its own financing.
The partnership addresses several unique features of the restaurant industry, Bizfi Founder Stephen Sheinbaum explained.
“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. 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.”