FCC Financing Through Your Interlake Charge Account
Actions
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