VHI Factoring or Fast Pay Service

VHI FACTORING SERVICES

NON RECOURSE  FACTORIN ON LOADS VHI  HAS MOVED WITH THE CARRIER.

Payment within 24 hours of verified service:  4.0%

Payment on the 10^th/20/30^th of all verified services: (average 4.5 days)  3.25%

Payment on the 30^th day after service.             2.0%

Payment on 45 day after service                      1.5%

Payment within 5 days of VHI                         1.0%

REGULAR FACTORING, AND RECOURSE: Will pay, but should customer not pay VHI, carrier owes back:

Payment within 24 hours of verified service:  5.0%

Payment on the 10^th/20/30^th of all verified services: (average 4.5 days)  4.5

Announcement:

VHI is pleased to offer a “quick pay no recourse” factoring service on loads it arranges, or on other transactions.   VHI will pay upon receipt and within 24 hours on documents received, or on its normal pay cycles.  The fees for and these options are listed above.   Please call VHI Transport at 804 231 6209 and ask for accounting to be set up on this program, or email us at AP@vhitransport.com.  This program will only alter the payment promises per the master agreement between the Carrier and VHI, if applicable, all other terms remain intact.

Carrier Packet

Dear Carrier:

We have attempted to make it as easy as possible to do business with VHI Transport.  We have the essential items that we feel you may want to have about us in this packet that you can download. We have many other items about VHI Transport on our web site that you may also like information on. Things like testimonials, our various operations, our regular freight patterns, our minority and smart way certifications.  In addition,  we have listed the items that we are required to have from you.  Please do not hesitate to call us should you need additional information.

THINGS YOU MAY NEED FROM US:

1-Our Operating Authority

2-Our Surety Bond

3-A copy of our other insurances

4-A copy of our “Quick Pay” policy.

THINGS WE NEED FROM YOU:

1-The Carrier Profile Sheet filled out.

2-A copy of your operating authority.

3-A copy of your insurance, naming VHI Transport as a loss payee.

4-A copy of our motor carrier contract signed.

5-Any special instructions of how to pay you.

6-The W-9 form signed and returned.

Thank you for desiring to do business with VHI Transport.  We have carriers that we have served since 1977. We now extend a warm welcome to you and will do all we can to make our relationship prosperous and profitable.

Kristy Seaton,

Director VHI Transport