South African cycling distribution company Positive Sports Solutions has created a new financial division designed to help local customers afford their preferred products.
Named Positive Capital Solutions, the arm will cover all products within the company’s range.
Positive Sports marketing manager Lynette Burger-Pieterse said the escalation in the cost of equipment had led to the development of a financial arm.
“In our experience we have seen that there is definitely a demand for this sort of funding,” she said.
“There are already two finance companies in place, but we believe we are in a good position to provide that sort of service.”
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, with each application being subject to the normal credit checks applicable in a business of this nature.
“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.”
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.
Starting with HEAD Bikes, its portfolio has widened to include Gipiemme wheels, Westfalia bike carriers, LUCK shoes, RYDERS eyewear and Controltech products.