March 4, 2010
SRCO is a nationwide financial services company dedicated to the powersports industry, offering financing and leasing products to consumers and retail powersports dealers, as well as a variety of commercial products for government agencies that require motorcycles and other equipment for law enforcement activities.
First of all:
** SRCO forecasted a twenty-percent rate of growth in its Municipal Lease Product during 2010. This projection is based on the growth experienced and figures achieved in 2009. As a result of the expanded Program and the growing volume of inquiries, the Company is anticipating the growth rate in its Municipal Lease Product will continue to accelerate throughout 2010.
Furthermore:
Everybody knows who Warren Buffet is.
Warren Buffet is an American investor, businessman, and philanthropist. He is one of the most successful investors in the world, the primary shareholder and CEO of Berkshire Hathaway.
Warren Buffet is called the “Oracle of Omaha” or the “Sage of Omaha” because his investment picks and comments on the market are very closely followed by the investment community, and he lives and works in Omaha, Nebraska.
Last Monday, Warren Buffett said financial conditions of U.S. states and municipalities have ‘deteriorated dramatically’
You’re probably thinking what that has to do with SRCO’s financing programs.
Well, let us tell you something:
In the current economic downturn where state governments have been borrowing from the Federal government simply to pay their debts, a new source of financing has come of age, leasing government necessities, thus freeing up needed cash for reserves.
We all know that Police vehicles have a period of usefulness before they must be replaced, along comes SRCO with financial packages that make law enforcement a financial reality.
SRCO has developed a leasing program that allows state municipalities to lease their Motorcycles and vehicles freeing up resources for other obligations.
SRCO offers an economical alternative to the traditional outright purchases of equipment required by local, city, or state governments enabling the agencies to lease their equipment rather than purchase it thereby extending their payments over a period of several years. SRCO’s Municipal Lease Program can support many other asset classes and vehicles in addition to the police motorcycles leased by these cities.
That could help local governments resist the financial conditions which Mr. Buffet was talking about.
Contracts with Local municipalities could dramatically increase revenues for SRCO!
Last December the cities of Clovis, NM, Flagler Beach, FL, and Cocoa Beach, FL have become the latest cities to join the growing roster of local governments utilizing SRCO’s Municipal Lease Program. Additionally, the city of Caldwell, TX has renewed its municipal leases for a second term.
SRCO’s Municipal Lease Program might well experience exponential growth in the near future with the outstanding financing alternatives SRCO is able to provide government agencies as they look for ways to lower their cash expenditures and maximize their budgets.
As a result of the expansion of its Municipal Lease Program to include several new asset classes in addition to police motorcycles, SRCO has received a number of requests from local governmental agencies asking SRCO to finance vehicles such as armored tactical trucks, electric/hybrid passenger busses and police cruisers, as well as other essential equipment used by those municipal agencies.
Let us remind you:
** SRCO forecasted a twenty-percent rate of growth in its Municipal Lease Product during 2010. This projection is based on the growth experienced and figures achieved in 2009. As a result of the expanded Program and the growing volume of inquiries, the Company is anticipating the growth rate in its Municipal Lease Product will continue to accelerate throughout 2010.
Keep a close eye on SRCO, because the action could be just starting.
More about SRCO at www.spartacommercial.com
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Tags: CRWE, Doubleinstocks, sparta commerical services, srco, warren buffett
