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Feburary 28, 2010
SRCO, Sparta Commercial Services Inc., SRCO.OB
SRCO, a specialized consumer finance company, engages in the purchase of retail installment sales contracts and origination of leases to assist consumers in acquiring new and used motorcycles, scooters, and 4-stroke all-terrain vehicles in the United States. The company offers commercial fleet leasing to dealers and owners of motorcycle rental fleets, as well as provides commercial equipment leasing to municipalities, including police motorcycles.
SRCO is currently the only nationwide financial services company in the United States exclusively dedicated to the powersports industry.
Just check this out:
With the introduction of its Municipal Lease Product, SRCO saw an opportunity to bridge its experience in the motorcycle industry with the needs of local, county, and state agencies for police motorcycles, while also bolstering sales for the powersports dealers participating in the program.
As a result of the expansion of its Municipal Lease Product to include several new asset classes, in addition to police motorcycles, SRCO has received a number of requests from local governmental agencies asking SRCO to finance vehicles such as armored tactical trucks, electric/hybrid passenger busses and police cruisers, as well as other essential equipment used by those municipal agencies
SRCO’s Municipal Lease Program might well experience exponential growth in the near future with the outstanding financing alternative SRCO is able to provide to governmental agencies as they look for ways to lower their cash expenditures
With SRCO’s Municipal Leasing Product, municipalities are able to stretch their cash flow dollars further, allowing them to acquire the same amount of equipment for less upfront cash outlay, or to acquire additional equipment without the need for additional cash.
You should consider that Municipal and fleet leasing offers multi-million dollar revenue potential.
More about SRCO at www.spartacommercial.com
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Sparta Commercial Services Inc. (SRCO.OB)
