SAN FRANCISCO — RepairPal Inc. is teaming up with Lendflow Inc., a "pioneering" finance technology firm, to provide RepairPal-affiliated shops access to Lendflow's flexible financing options for upgrading their shops.
Houston-based Lendflow provides embedded finance infrastructure for vertical Software as a Service (SaaS) platforms.
Certified RepairPal shops will be able to access funds quickly that they might need to meet staffing demands, stock up on inventory or finance large equipment purchases such as new tools and shop upgrades, the companies said.
When a shop's owners select the best funding option for their needs — line of credit, equipment loans, receivables purchase, etc. — they can expect to have the funds in their business bank account in as little as 24 hours, RepairPal and Lendflow said.
"We are proud to be able to offer Lendflow to the RepairPal Certified network to help their businesses continue to grow and thrive," Kathleen Long, chief revenue officer at RepairPal, said.
"Auto repair shops often rely on financing for growth, therefore, we are committed to helping shops continue to grow their business and take on more mid-to-major mechanic repairs sooner in order to meet their business goals."
Lendflow CEO Jon Fry added: "We're committed to providing our partners the technology to equip their business customers with the necessary financial resources for success. We're excited to join forces with RepairPal to remove obstacles to auto repair financing and ensure repair shops have the essential tools to capitalize on opportunities for growth."
Established in 2007, San Francisco-based RepairPal connects consumers with certified trustworthy mechanics throughout the U.S. The business claims to have more than 3,500 certified RepairPal repair locations nationwide.
To become RepairPal Certified, each auto repair shop and dealership undergoes a rigorous certification process, the company said, which guarantees high-quality repairs at fair prices, backed by a strong repair warranty.