South African company Positive Sports Solutions has expanded its operations by setting up a division to provide cycling finance for local riders.
The new arm is named Positive Capital Solutions and will provide funding options for all products within the company’s range.
In the latter stages of 2017, Positive Sports Solutions embarked on a strategy to make premier brands available at an affordable price to cyclists in the Southern African Development Community.
These include HEAD Bikes, Gipiemme wheels, Westfalia bike carriers, LUCK shoes, RYDERS eyewear and Controltech products.
Positive Sports marketing manager Lynette Burger-Pieterse said their knowledge of the industry indicated there was a demand for this sort of funding.
She added that Positive Capital Solutions would finance any of the products in its range, with a minimum contract value of R20 000.
“Suppliers who stock Positive Sports Solutions products will provide the customer with a direct link to our financial division or a customer can apply directly through us at Positive Sports.”
Burger-Pieterse said the financial terms were available for companies or individuals.
“There are no limitations as to what we cover, providing the products are all within the company’s range.”
Burger-Pieterse said it was still early days for the division, having only started in January, but they had already received a number of enquiries.
“We feel our funding model offers an opportunity for SA cyclists to afford the premium brands we offer without having to pay everything at once.”
“Positive Capital Solutions will attempt to expedite any application as soon as possible, but the timing may vary depending on the credit check process that we have in place.”