Sparta Launches New Financing Programs
September 8, 2006
Filed under Uncategorized
Sparta Commercial Services, Inc. launched two new financing programs that the company says will dramatically enhance its position and market share in the powersports industry.
The new programs, called TermsPlus and MatrixPlus, are revolving charge programs, with TermsPlus targeted to dealers, and MatrixPlus to consumers.
TermsPlus offers dealers credit lines up to $250,000 that they can use to acquire new vehicles from manufacturers or distributors, as well as for parts, apparel, and other desired inventory items. MatrixPlus is positioned as an addition to Sparta’s Sport Loan, a traditional installment loan, and its Flex Lease, described by the company as the only motorcycle-leasing program of its kind in the industry.