Sparta's Municipal Leasing Program Expands Southeastern Program
Sparta Commercial Services (OTC PINK:SRCO) has successfully completed 9 contracts with both new and returning jurisdictions, expanding its Municipal Lease Program to 99 municipalities, including Inman, SC, and Navassa, GA. The program supports local governments by providing affordable financing for essential equipment. CEO Anthony Havens noted a significant increase in demand for their leasing options, attributing it to the current budget constraints faced by agencies. The program's effectiveness is evidenced by multiple returning clients seeking to expand their fleets.
- Expansion of Municipal Lease Program to 99 municipalities, indicating growth.
- Increased demand for leasing options, reflecting program effectiveness and market need.
- Return of previous clients looking to expand, highlighting customer satisfaction.
- None.
NEW YORK, NY / ACCESSWIRE / September 2, 2020 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company") announces that it has completed 9 contracts for new and returning jurisdictions. Sparta welcomes Inman, SC and Navassa, GA to a growing family of 99 municipalities across the country, which includes Raleigh, NC and Newark, NJ. The returning jurisdictions are Albany, GA, Candor, NC, and Hyde County, NC, as well as Jasper, SC and Yemassee, SC both of whom completed two separate contracts.
The Sparta Municipal Lease Program benefits local government agencies with limited resources by making available a wide range of equipment at affordable rates. The Program provides financing for vehicles and other essential equipment for the police, fire, EMS, public transportation, administrative and public works departments.
When asked about the completed transactions, Anthony Havens, Sparta's CEO, says, "Our established Municipal Leasing Program has proved indispensable in today's tight money environment. It allows government agencies to equip themselves with the tools they need without busting their budgets. We have seen many agencies return to us to finance the expansion of their fleet as testimony to the effectiveness of our program." Havens continues, "The demand for budget saving options is growing every day, and inquiries for our Municipal Leasing Program have jumped significantly in recent months."
About Sparta Commercial Services Inc.
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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, potential 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: http://www.sec.gov.
Company Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com
SOURCE: Sparta Commercial Services, Inc.
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