Opening Inventory Program
AWG will pay interest costs to qualifying new and existing retail members for product shipped from AWG and VMC warehouses to a new store opening or an expansion of an existing store. The member can choose one of the three options listed below.
1. AWG will pay the member an interest check. The interest amount may be based on the new or expanded store square footage or actual inventory delivered to the store. A check for the calculated interest amount will be sent 100 days after the first delivery from AWG.
2. AWG will allow the payment of the opening inventory to be deferred until the end of 100 days from the first delivery. At the end of the 100-day period, the opening inventory must be paid in full. Adequate collateral is required if this option is selected and this option requires Finance Committee approval prior to the first order being shipped.
3. AWG can provide inventory financing. If such financing is for a new store (just built or previously empty) or the expansion of an existing store, AWG may make a loan to include a 100-day interest and principal free period. Adequate collateral is required if this option is selected and this option requires Finance Committee approval prior to the first order being shipped. |
