FCC Financing Through Your Interlake Charge Account
FCC Financing Through Your Interlake Charge Account
FCC Financing Through Your Interlake Charge Account
April 19, 2024
Apply for FCC Financing through your Interlake Co-op Charge Account!
BENEFITS OF FINANCING THROUGH FCC
- Flexible, dedicated financing for petroleum purchases for your agricultural business
- Terms up to 18 months (see crop year cycle)
- No hidden administrative costs
- Make only one payment per year (March 15) and prepay without penalty
- Loans under $100,000 are unsecured, loans over $100,000 are GSA secured
- Simple online approval process
- Retailer helps keep your payments current, safely and securely
- Manage your input and fuel purchase separately
- Use FCC FUEL Credit for:
- Bulk fuel
- Lubricants
- Propane
COMPARE
(example is based on a balance of $10,000.00 over the period of 90 days)
INTERLAKE CO-OP | FCC |
Yearly rate of 26.83% when broken down, works out to 0.07355% daily | Yearly rate of 10.15% when broken down, works out to 0.0278% daily (based on +2.95%, may change with prime rate change) |
0% interest for 30 days then bearing interest for the following 60 days | Standard interest rate for the 90 days |
$10,000.00 x 0.0735% = $7.35 daily interest | $10,000.00 x 0.0278% = $2.78 daily interest |
$7.35 x 60 days = $441.00 | $2.78 x 90 days = $250.20 |
TERMS UP TO 18 MONTHS | |
ONE YEARLY PAYMENT PER YEAR (March 15) |
For more information or to set up your FCC Account, contact:
Ken Whalley
Interlake Co-op Petroleum Manager
204-376-5201
Arlene Whyman
Interlake Co-op A/R Manager
204-376-5245