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Sparta Commercial Services, Inc. Announces Completion of Municipal Financing Transactions with Town of Gifford, South Carolina
Sparta Commercial Services, Inc. Announces Completion of Municipal Financing Transactions with Town of Gifford, South Carolina.
About this update from Sparta Commercial Services, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Sparta Commercial Services, Inc. Announces Completion of Municipal Financing Transactions with Town of Gifford, South Carolina\r\n \r\n \r\n\r\n\r\nSparta Commercial Services, Inc. Announces Completion of Municipal Financing Transactions with Town of Gifford, South Carolina\r\n\r\n\r\n\r\nNewsfile Corp.\r\n\r\n\r\nNewsfile Corp\r\n\r\n\r\nNew York, New York--(Newsfile Corp. - March 24, 2026) - Sparta Commercial Services, Inc. (OTCQB: SRCO) (\"Sparta\" or the \"Company\"), a leading provider of municipal and commercial financing solutions, today announced the successful completion of two municipal financing transactions with the Town of Gifford, South Carolina.\r\nThe financings were structured to support the acquisition of essential municipal equipment and infrastructure assets while preserving the town's near-term budget flexibility. By utilizing Sparta's financing solutions, the Town of Gifford is able to deploy critical resources immediately while spreading the cost over time through manageable payment structures.\r\nSparta's Municipal Finance Program is designed to help municipalities, public agencies, and other governmental entities reduce the burden of large upfront capital expenditures. By offering flexible lease-purchase and financing alternatives, Sparta enables local governments to better align equipment acquisition with budget cycles and operational needs.\r\n\"Municipalities across the country are facing increasing pressure to modernize infrastructure while maintaining strict fiscal discipline,\" said Anthony Havens, Sparta's CEO. \"We are proud to partner with communities like the Town of Gifford to deliver financing solutions that allow them to acquire mission-critical equipment without compromising their financial stability. These transactions reflect our continued commitment to expanding our municipal footprint and delivering value-driven financing solutions nationwide.\"\r\nSparta's Municipal Finance Program supports a wide range of asset classes, including vehicles, fire and emergency response equipment, and other essential-use assets that are often more efficiently acquired through multi-year financing structures rather than outright purchase.\r\nThe Company continues to experience growing demand for its municipal financing solutions as local governments seek innovative ways to fund infrastr...