Sparta Commercial Services Announces Additional Municipal Financing Transactions with the Town of Candor, North Carolina
Sparta Commercial Services expands its long-standing relationship with the Town of Candor, adding two more municipal equipment financings to its track record.
Rhea-AI Summary
Sparta Commercial Services (SRCO) has completed two additional municipal financing transactions with the Town of Candor, North Carolina through its Municipal Finance Program. These latest deals are the twelfth and thirteenth financings Sparta has provided to Candor since 2014, supporting acquisitions such as police vehicles, fire equipment, industrial vacuum systems, and maintenance equipment.
The Town of Candor’s finance officer describes Sparta as a dependable partner whose familiarity with municipal budgeting and procurement timelines simplifies the financing process. Sparta’s program is tailored to municipalities, emergency service providers, and public agencies, offering structured financing for emergency response vehicles, fire and rescue apparatus, public works equipment, transportation assets, and other capital equipment used in daily operations.
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- Two additional financings completed with Town of Candor, bringing total to 13 since 2014
- Program finances multiple asset types, including police, fire, public works, and transportation equipment
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- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New York, New York--(Newsfile Corp. - September 22, 2026) - Sparta Commercial Services, Inc. (OTCQB: SRCO) ("Sparta" or the "Company"), a nationwide provider of municipal financing solutions, today announced the completion of two additional financing transactions with the Town of Candor, North Carolina through Sparta's Municipal Finance Program.
The latest financings represent the twelfth and thirteenth municipal transactions completed between Sparta and the Town of Candor since 2014. Over the course of the relationship, the Town has utilized Sparta's financing platform to acquire a broad range of essential municipal assets, including police vehicles, fire equipment, industrial vacuum systems, and maintenance equipment.
"Sparta has been a dependable financing resource for the Town of Candor for many years," said Tammy Kellis, Town Clerk and Finance Officer for the Town of Candor. "Their familiarity with municipal budgeting and procurement timelines has made the process straightforward and responsive to our needs. Having access to flexible financing options allows us to continue upgrading important equipment while managing expenditures responsibly."
Sparta's Municipal Finance Program is designed to help municipalities, emergency service providers, and public agencies obtain critical-use equipment through structured financing programs tailored to government budgeting requirements. The program supports financing across numerous asset categories, including emergency response vehicles, fire and rescue apparatus, public works equipment, transportation assets, and other capital equipment utilized in day-to-day municipal operations.
"We greatly appreciate the continued confidence the Town of Candor has placed in Sparta over the years," said Anthony Havens, Chief Executive Officer of Sparta Commercial Services. "Long-standing municipal relationships are especially meaningful to us because they demonstrate our ability to consistently deliver financing solutions that align with the operational priorities and financial objectives of local governments. We remain committed to helping municipalities secure the equipment they need in a cost-effective and efficient manner."
For additional information about Sparta's Municipal Finance Program, visit www.spartamunicipal.com.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (www.spartacommercial.com), founded in 2004 and headquartered in New York City, is a fintech company operating across three business segments: Financial Services, E-Commerce & Mobile Technology, and Health and Wellness. Its subsidiaries include Agoge Global USA, Inc., www.agogeglobalusa.com, which provides staged financing, compliance solutions, and integrated expense management for cross-border trade; iMobile Solutions, Inc., a provider of mobile application development, website design, e-commerce solutions, and vehicle history reports; and New World Health Brands, Inc., which offers a line of high-quality wellness supplements. The Company's diversified business model supports growth through innovation, strategic partnerships, and market-driven technology solutions.
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
sandy@spartacommercial.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304136
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What types of equipment can be financed through Sparta’s Municipal Finance Program?
The Municipal Finance Program supports financing for emergency response vehicles, fire and rescue apparatus, public works equipment, transportation assets, and other capital equipment used in day-to-day municipal operations.
Who is eligible to use Sparta’s Municipal Finance Program?
The program is designed for municipalities, emergency service providers, and other public agencies that need structured financing aligned with government budgeting requirements.
How long has Sparta been working with the Town of Candor?
Since 2014, Sparta has completed thirteen municipal financing transactions with the Town of Candor, including the two latest financings.