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Credit

Credit Service

Knecht Home Center and Mead Lumber offer an in-house credit program specialized for your business or personal needs. Simplify your project expenses by speaking with one of our credit associates today.

A/R Policy

Customer agrees that if an account is established, all goods and services charged in one month’s billing cycle are due in full by the 10th of the following month, unless prior arrangements have been made and extended by the Credit Department at time of purchase.

Credit limits to be established (if approved) at time of account set-up, with provisions made to have credit limit reviewed if/as requested and/or if necessary.

A late charge will be applied to all overdue accounts as follows: 2% per month (24% APR) IN South Dakota, 1.5% per month (18% APR) IN Montana and 1.65% per month (19.8% APR) IN Wyoming. All late charges will be assessed from the last day of the month within the billing cycle.

We provide in-house accounts with monthly terms and approved credit (special consideration for builders or larger projects available upon request). Once the credit research has been completed, accounts are set up in our system, and charges are allowed to a credit limit. All charges made in one month’s billing cycle are due in full by the 10th of the following month, unless arranged and extended by the Credit Department at the time of purchase. Any unpaid balance will impose a finance charge, based on the periodic rate of 2% which corresponds to an annual percentage rate of 24%.



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