Patta Brazil Renews Global Credit Line with Sparta Commercial’s Subsidiary Agoge Global USA
Sparta Commercial Services, Inc. (OTC: SRCO) announced the renewal of a global credit line agreement between its subsidiary Agoge and Patta Brazil. This partnership extension aims to support Patta's import growth and financial stability.
Since beginning their relationship, Patta has experienced enhanced cash flow flexibility, allowing them to meet supplier deadlines, reduce operational costs, and expand import volume. The credit line has been important for Patta's growth, enabling increased hiring and operational scaling.
With this renewal, Patta Brazil targets an annual goal of 120 containers over the next five years. The company has already seen significant gains with a 50% projected revenue increase this year alone.
Agoge's financing model offers direct access to decision-makers, competitive rates, and a streamlined approval process, positioning it as a trusted partner for businesses optimizing import financing strategies.
Sparta Commercial Services, Inc. (OTC: SRCO) ha annunciato il rinnovo di un accordo di linea di credito globale tra la sua sussidiaria Agoge e Patta Brazil. Questa estensione della partnership mira a supportare la crescita delle importazioni di Patta e la sua stabilità finanziaria.
Da quando hanno iniziato la loro relazione, Patta ha sperimentato una maggiore flessibilità nel flusso di cassa, consentendo loro di rispettare le scadenze dei fornitori, ridurre i costi operativi e aumentare il volume delle importazioni. La linea di credito è stata fondamentale per la crescita di Patta, permettendo un aumento delle assunzioni e una scalabilità operativa.
Con questo rinnovo, Patta Brazil punta a un obiettivo annuale di 120 container nei prossimi cinque anni. L'azienda ha già registrato guadagni significativi con un incremento previsto del fatturato del 50% solo per quest'anno.
Il modello di finanziamento di Agoge offre accesso diretto ai decisori, tassi competitivi e un processo di approvazione semplificato, posizionandola come partner fidato per le aziende che ottimizzano le strategie di finanziamento delle importazioni.
Sparta Commercial Services, Inc. (OTC: SRCO) anunció la renovación de un acuerdo de línea de crédito global entre su subsidiaria Agoge y Patta Brasil. Esta extensión de la asociación tiene como objetivo apoyar el crecimiento de las importaciones de Patta y su estabilidad financiera.
Desde que comenzaron su relación, Patta ha experimentado una mayor flexibilidad en el flujo de efectivo, lo que les permite cumplir con los plazos de los proveedores, reducir costos operativos y aumentar el volumen de importaciones. La línea de crédito ha sido importante para el crecimiento de Patta, permitiendo un aumento en la contratación y la escalabilidad operativa.
Con esta renovación, Patta Brasil tiene como objetivo anual 120 contenedores durante los próximos cinco años. La empresa ya ha visto ganancias significativas con un incremento proyectado del 50% en los ingresos solo en este año.
El modelo de financiamiento de Agoge ofrece acceso directo a los tomadores de decisiones, tasas competitivas y un proceso de aprobación simplificado, posicionándose como un socio confiable para las empresas que optimizan las estrategias de financiamiento de importaciones.
Sparta Commercial Services, Inc. (OTC: SRCO)는 자회사 Agoge와 Patta Brazil 간의 글로벌 신용 한도 계약 갱신을 발표했습니다. 이 파트너십 연장은 Patta의 수입 성장과 재정 안정성을 지원하는 것을 목표로 하고 있습니다.
관계가 시작된 이후 Patta는 공급업체 마감일을 준수하고 운영 비용을 줄이며 수입량을 확장할 수 있는 현금 흐름의 유연성을 경험했습니다. 신용 한도는 Patta의 성장에 중요한 역할을 하여 채용 증가와 운영 확장을 가능하게 했습니다.
이번 갱신을 통해 Patta Brazil은 향후 5년 동안 연간 120개의 컨테이너 목표를 설정하고 있습니다. 회사는 올해만으로도 50%의 예상 수익 증가라는 상당한 성과를 이미 목격했습니다.
Agoge의 금융 모델은 의사 결정자와의 직접적인 접근, 경쟁력 있는 요율, 간소화된 승인 프로세스를 제공하여 수입 금융 전략을 최적화하는 기업의 신뢰할 수 있는 파트너로 자리 잡고 있습니다.
Sparta Commercial Services, Inc. (OTC: SRCO) a annoncé le renouvellement d'un accord de ligne de crédit mondial entre sa filiale Agoge et Patta Brésil. Cette prolongation de partenariat vise à soutenir la croissance des importations de Patta et sa stabilité financière.
Depuis le début de leur relation, Patta a bénéficié d'une plus grande flexibilité de trésorerie, lui permettant de respecter les délais des fournisseurs, de réduire les coûts opérationnels et d'augmenter le volume des importations. La ligne de crédit a été essentielle pour la croissance de Patta, permettant une augmentation des recrutements et une mise à l'échelle opérationnelle.
Avec ce renouvellement, Patta Brésil vise un objectif annuel de 120 conteneurs au cours des cinq prochaines années. L'entreprise a déjà constaté des gains significatifs avec une augmentation prévue du chiffre d'affaires de 50% rien que pour cette année.
Le modèle de financement d'Agoge offre un accès direct aux décideurs, des taux compétitifs et un processus d'approbation simplifié, la positionnant comme un partenaire de confiance pour les entreprises optimisant leurs stratégies de financement des importations.
Sparta Commercial Services, Inc. (OTC: SRCO) hat die Erneuerung eines globalen Kreditlinienvertrags zwischen ihrer Tochtergesellschaft Agoge und Patta Brasilien angekündigt. Diese Verlängerung der Partnerschaft zielt darauf ab, das Importwachstum von Patta und die finanzielle Stabilität zu unterstützen.
Seit Beginn ihrer Beziehung hat Patta eine verbesserte Flexibilität im Cashflow erfahren, was es ihnen ermöglicht, Lieferfristen einzuhalten, Betriebskosten zu senken und das Importvolumen zu erhöhen. Die Kreditlinie war wichtig für das Wachstum von Patta und ermöglichte eine erhöhte Einstellung und betriebliche Skalierung.
Mit dieser Erneuerung strebt Patta Brasilien ein jährliches Ziel von 120 Containern über die nächsten fünf Jahre an. Das Unternehmen hat bereits signifikante Gewinne mit einem prognostizierten Umsatzwachstum von 50% allein in diesem Jahr verzeichnet.
Das Finanzierungsmodell von Agoge bietet direkten Zugang zu Entscheidungsträgern, wettbewerbsfähige Tarife und einen vereinfachten Genehmigungsprozess, was es als vertrauenswürdigen Partner für Unternehmen positioniert, die ihre Importfinanzierungsstrategien optimieren.
- Renewal of global credit line agreement between SRCO's subsidiary Agoge and Patta Brazil
- Patta Brazil projecting 50% revenue increase this year
- Patta targeting annual goal of 120 containers over next five years
- Partnership already enabled Patta to increase hiring and scale operations
- Patta actively recommending Agoge's services to other companies
- None.
Renewal Extends Partnership to Support Import Growth and Financial Stability
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Sparta Commercial Services, Inc. (OTC: SRCO) ("Sparta" or the "Company"), through its subsidiary Agoge, announced the renewal of its global credit line agreement with Patta Brazil (“Patta”). This extension reaffirms Agoge’s commitment to providing tailored financial solutions that support businesses navigating complex import challenges.
Since its initial engagement with Agoge, Patta has benefited from enhanced cash flow flexibility, enabling it to meet supplier deadlines, reduce operational costs, and expand its import volume. The credit line has played a critical role in Patta’s growth, allowing for increased hiring and operational scaling.
"Agoge’s financing solution has been instrumental in our ability to scale operations efficiently," said Nelson Miano Junior, CEO of Patta Brazil. "With their extended payment terms and streamlined process, we have not only increased our import capacity but also secured financial stability that enables us to focus on long-term growth."
With this renewal, Patta Brazil aims to further increase its import volume, targeting an annual goal of 120 containers over the next five years. Patta has already seen significant gains, with a
"Many importers struggle with cash flow misalignment and the high costs of nationalization," added Miano. "Agoge’s solution allows us to avoid unnecessary financial burdens, such as demurrage fees, and ensures that our operations run smoothly and predictably. We highly recommend their services to other businesses facing similar challenges."
Eduardo Ribeiro Filho, Founder of Wedev Group, said “We developed EZBroker360 with the intention to provide solutions to support importers and allow them to focus on growing their business. Patta’s appreciation means a lot to us, and we look forward to further growing our relationship.”
Agoge’s financing model continues to differentiate itself by offering direct access to decision-makers, competitive rates, and a hassle-free approval process. This renewal solidifies its position as a trusted partner for businesses seeking to optimize their import financing strategies.
“We love receiving feedback from our clients and the fact that Patta has already made several recommendations of our product to other companies speaks volumes” said Anthony Havens, Sparta’s CEO. “We will continue to listen to our clients and work to develop solutions that strengthen their ability to meet their financial commitments” Havens added.
For more information about Sparta Commercial Services and Agoge’s financing solutions, visit www.spartacommercial.com and www.agogeglobalusa.com.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (www.spartacommercial.com) was founded in 2004 and is the parent company of three subsidiaries in addition to Agoge Global USA, Inc., iMobile Solutions, Inc., New World Health Brands, Inc., and Sparta Crypto, Inc., offering a variety of products and services.
About Agoge Global USA, Inc.
A subsidiary of Sparta Commercial Services, Inc., Agoge Global USA, Inc. is a provider of finance, facilitation, and communications, within the import/export sector. With a focus on underserved markets, innovation, and customer satisfaction, Agoge strives to deliver exceptional value for its clients. For more information, visit www.agogeglobalusa.com.
About WeDev Group Ltda.
WeDev Group Ltda. is a Brazilian innovator focused on the disruption of traditional standards by fostering innovation and growth through new business models capable of transforming the way the world works.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, possible fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: www.sec.gov.
Company Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com
FAQ
What financial impact has Agoge's credit line had on Patta Brazil's revenue?
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How has Sparta Commercial's Agoge subsidiary helped Patta Brazil's operational efficiency?
What makes Agoge's financing model different from other import financing options for Patta Brazil?
When did Sparta Commercial (SRCO) announce the renewal of its credit line with Patta Brazil?
