RepairPal and Lendflow, a fintech company specializing in lending solutions, announced a strategic partnership which they say will provide shops with access to financing options when seeking new tools and/or shop upgrades.
The Certified RepairPal shop network will now have the opportunity to quickly access the funds they need to meet staffing demands, stock up on inventory, as well as finance large equipment purchases such as new tools and shop upgrades, the company says.
When the shop selects the funding option for their needs – ranging from line of credit, to equipment loans, to receivables purchase – the shop can get the funds in their business bank account in as little as 24 hours.
“We are proud to be able to offer Lendflow to the RepairPal Certified network to help their businesses continue to grow and thrive. 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,” said Kathleen Long, chief revenue officer at RepairPal.