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Wright Reports > Company Profile Report > S > Sparta Commercial Services, Incorporation

Sparta Commercial Services, Incorporation - Company Profile Snapshot

Company Profile: Sparta Commercial Services, Incorporation
Ticker: SRCO
Exchanges: OTC
2008 Sales: 1,129,700
Major Industry: Financial
Sub Industry: Rental & Leasing
Country: UNITED STATES
Employees: 18

Business Description
Sparta Commercial Services, Incorporation. The Groups principal activities are to provide financing programs, primarily to purchasers of new and used motorcycles, scooters and ATVs. The Group's web-based solutions are developed for processing, financing and leasing of new and used powersports vehicles. It offers a private label program, lease and retail installment sales finance contracts to numerous dealerships in powersports industry. The Groups business model includes motorcycles i.e. 550cc and higher, 4-stroke all-terrain vehicles and select scooters. It also offers a police motorcycle leasing program to municipalities. The Group plans to generate revenues from: Retail installment sales contracts and leases, Municipal Leasing of Police Motorcycles, Private label programs for manufacturers and distributors, Ancillary products and services, such as private label gap coverage and Remarketing of off-lease and repossessed vehicles.

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