Bizfi Woos Restaurants With Lending Products

The New York State Restaurant Association signed Bizfi to provide business financing for its 2,000 members.

The New York-based financial platform will be the designated funder of equipment financing, invoice financing, lines of credit, medium term financing, short-term financing, franchise financing and long-term loans from more than 45 partners.

“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.

Bizfi’s lending partners include all the major lenders in the industry including OnDeck, Funding Circle, Kabbage, IMCA Capital, Bluevine, and SmartBiz and the company has funded over $1.4 to over 27,000 small businesses since 2005.