General Business License or Permit Bond
General Business License or Permit Bond InformationGeneral Business License Bond and/or permit bonds (also referred to as a commercial surety bond or license and permit bonds) are guarantees that protect the public and are required throughout the country based on your industry and location. If you break the rules, claims can be filed which you’re responsible to pay. Business License Bond is a general term or category that around 4000 bond requirements would fall under. Most bond types are self explanatory. For example the MVD license bond or Car Dealer License bond or Auto Dealer License bond is specific to the Motor Vehicle Dealer applying for a license to do business is his/her specific state. If you are unsure what type of bond you are in need of, we typically ask the following questions to help guide us in the right direction:
- What will the bond be guaranteeing?
- Who is requiring you to obtain a bond?
- Are you applying for a license or a permit of some type?
- Is there a contract specific to the bond requirement?
- Agricultural Packers Bonds
- Alcohol Bonds
- Appraisal management Company Bond
- ARC Bonds
- Athlete Agent Surety Bonds
- Auctioneer Bonds
- Auto Dealer Bonds
- Brewers Bond
- Broker Bonds
- Business Services Bond
- Fundraiser Bonds
- Lottery Bonds
- Medicare Bonds
- Livestock Dealer Bonds
- Medical Marijuana Bonds
- Mortgage Broker Bonds
- Mixed Beverage Sales Tax Bond
- Personal Care Assistance Agency Surety Bond
- Patient Trust Bonds
- Pawnbroker Bond
- Public Adjuster Bond
- Real Estate Agent Broker Bond
- School Bonds
- Seller of Travel Bonds
- Talent Agency Bond
- Telemarketing Bonds
- Title Agency Bonds
- Third Party Administrator Bond
- Utility Bonds
- Wage & Welfare Bonds
- And many many more...
Three party agreement
Surety Bond Definition: The definition of a surety bond is as follows: A surety bond is a binding agreement between three parties. This agreement sets forth a financial guarantee by one party ( “surety” ) to another party ( “obligee” ) that a third party ( “principal” ) will fulfill required obligations to the obligee, and that state, federal, and local laws and applicable regulations will be adhered to. Let’s examine each of the three parties.Learn more about surety bonds
Bad Credit – Fast Approvals – Lowest Rates Available.
- Credit below 650 and/or have blemishes on credit report.
- Average cost is 5-15% of the bond amount.
- Available for all commercial bonds.
Why does credit matter? Applying for a surety bond is similar to applying for a loan. You are asking a surety company to back you financially. Reviewing credit is the best method for the surety to understand their risk. All sureties review credit as a view only and should have no effect on your credit score. While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written. Contact us today and let us put together an online quote for you that will exceed your expectations.