Financing

The Sunrise Input Financing Program allows you to finance your fall, spring and summer crop input purchases.

FAQs

What is the Sunrise Cooperative Input Financing Program?

The Sunrise Input Financing Program allows you to finance your fall, spring and summer crop input purchases. The program also allows you to finance your agronomy prepay purchases from Sunrise Cooperative. Eligible charges are to be made between September 1, 2017 and August 31, 2018. To qualify for the program, you must submit a completed application, and apply for a minimum of $10,000 to be financed. (Application Deadline: February 28, 2018)

What is the financing rate?

Your finance rate is determined by the percent of supplies that you purchase from Sunrise. In order to get the best possible rate, which is 0%, you need to purchase 100% agronomy (crop nutrients, crop protection, seed), 100% energy and sell 100% of your grain to Sunrise. The highest rate which is 3% over prime, does not have a purchase requirement. Acres planted to popcorn or soybeans raised for a seed house do not impact your financing rate.

How are your input products priced?

The prepaid or cash price in effect at the time of billing will be used for products. The regular price will be used for services such as custom application, delivery or equipment rental.

When do finance charges begin?

Finance charges are calculated from the date of invoice when product is either picked up, or the pre-paid price is locked in. Finance charges are not compounded.

How are finance charges calculated at the end of the program?

Any amount of principal not paid when due shall bear a finance charge from 30 or 31 days prior to the date when due until principal amount is paid in full, at a rate per month equal to two percent (2%). A principal payment can be made at any time before they are due.

When is the due date?

Level 1, Level 2 and Level 3 are due January 31, 2019. Level 4, Level 5 and Level 6 are due November 30, 2018.

What happens if I don’t purchase the percent of agronomy in the level I selected from Sunrise?

The financing rate will be adjusted to the level that was met and made retroactive to the invoice date.

What paperwork is required?

An application, tax return, balance sheet, note and contract will be required in all cases, and in some cases a crop lien and crop insurance.

When is the application deadline?

February 28, 2018 is the deadline for all applications.

How do I apply?

Mail the completed and signed application to the Sunrise Credit Office at P.O. Box 870, Fremont, OH 43420-0870. The Credit Manager, Terry Schreiner and Assistant Credit Manager, Megan Petruchik, have Fremont office hours on Monday and Thursday of each week. If assistance is needed the remaining days of the business week please contact Lynn Stilwell. You will have a reply on your application within ten (10) days.

Click to Download

CREDIT APPLICATIONS

Please download the Credit Application and print out. Once you have completely filled out the application, please return it to address below.

If you have any questions please contact Tammy Myers, VP of Member and Corporate Relations at 419.332.6468 ext 207.

Application Forms

Farm Credit Application
Business Credit Application
Residential Credit Application

Mailing Address

Sunrise Cooperative, Inc.
Attn: Credit Department
P.O. Box 870 
Fremont, OH 43420