• Commercial Financing
  • Commercial Financing
  • Commercial Leasing
  • Commercial Credit Application
  • Request a Financing Quote
• Retail Financing
  • Current Retail Offers
  • Retail Financing
  • Consumer Credit Application
  • Request a Financing Quote

Commercial Financing

Generally, commercial financing is a where the customer owns golf carts or utility vehicles immediately. The customer finances the entire purchase price, over a specified time period, 24-60 months, and the customer makes periodic payments until the amortized balance is paid in full. The financing company has lien on the assets financed. Usually, the customer is responsible for payment of personal property tax. Typically, the customer must provide proof of physical damage insurance only. The customer usually claims depreciation benefits and expenses interest charges. Rates are subject to change and all financing is subject to credit approval.

SportsTran uses third party financing companies to complete commercial financing transactions. Commercial financing is limited solely to legal entities such as corporations or organizations, and are not available for individual customers. Rates are subject to change and all financing is subject to credit approval.

Benefits of Financing:

Improved Cash Flow Instead of paying the entire purchase price immediately, financing offers customers the ability to pay over time.

Economical Fixed Rate Financing The stream of fixed rate loan payments will not increase since the financing company has guaranteed them for the loan term. The customer does not need to be concerned with fluctuations in the cost of money, since the financing company assumes the risk of interest rate variations. This makes it easier to plan budgets.

New Source of Borrowed Funds Financing offers the opportunity to establish important financial sources. By developing additional financing sources existing credit lines remain unused, allowing for the more productive use of these lines.