New York — Sparta Commercial Services Inc., a nationwide financial services company serving the powersports industry, said it continues to see a steady increase in the size of its dealer network.

Despite the fact that the powersports riding season is just beginning, 100 new dealers have signed up during the first quarter 2009, boosting Sparta’s nationwide network of dealers to nearly 2,500. The company reported that it signed up 500 new dealers in 2008, an increase from the more than 300 it signed up in 2007.

"For nearly a year, a number of our major competitors have been gradually scaling back their lending activities, with some leaving the indirect financing sector entirely. This has resulted in more dealers turning to Sparta as their preferred source for indirect consumer financing,” said Sparta's CEO Anthony Havens.

The company plans to launch its updated consumer financing and leasing programs, which will provide dealers with enhanced financing and leasing choices for their customers. These updated and revised programs will provide even more rapid responses to credit applications and easier contracting through iPLUS, Sparta’s online credit decisioning software and portfolio management system.

“We are confident that these enhancements will be very well received by our growing dealer network,” added Havens.