Bond Line Pre-qualification
Bond Line Pre-qualification Information
- Internal Business Financials or CPA prepared is even better - Balance Sheet and Income Statement
- Personal Financial Statement
- Bond amount you wish to be considered for - estimate or a range will suffice
There are sureties now offering credit based "fast track" bond lines up to 750k without financial reviews. The credit based programs are just as they sound, based on credit of the owner(s). Those with credit scores of 680 or above qualify for these programs however the contract risk is still a consideration and not all situations qualify for these programs.
Over 125 years of combined experience
As a surety bond broker, we work for YOU not the surety company. We are licensed nationwide and appointed by 25 surety companies so that we are able to offer the best solution for all surety bond needs. We are a small organization that strives to make you feel like part of our family.
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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