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We are pleased to announce a new service available
through your cooperative. Morrow County Grain
Growers is now offering Crop Input Financing for products
and services purchased from Morrow County Grain
Growers.
The Morrow County Grain Growers Crop
Input Financing Program is a joint cooperative effort
with Northwest Farm Credit Services.
Depending on loan size, the application forms are a
simple page and one half requiring minimal financial
information. Rates range from prime plus 1.4% to
prime plus 3.4%. There is a $100 loan fee. The minimum
loan is $5000. There is no maximum loan size.
The maximum maturity for loans is 18 months.
The
loan applicant must be eligible under Northwest Farm
Credit Services guidelines. Morrow County Grain
Growers will be the primary contact for the program.
Northwest Farm Credit Services will provide loan
documentation, collateral perfection, billing and loan
accounting.
For more information, please call John Ripple MCGG General Manager at the
Lexington office @ (800) 452-7396.
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