To begin a successful construction bonding process with us, the amount of information that we ask for depends on the type and amount of work you’re company is doing (or wants to do). The programs we offer below allow contractors flexibility when bidding jobs. Apply and get approved for a contract bonding program today! See our various programs below:
Construction Bonding Programs
Credit Programs Two-Page Application Only
(No Financials Required)
Our credit score bond markets will run both your business and personal credit as well as look at your recent job history. This is considered a “soft pull” on your credit so it will not affect your credit score.
• Up to $1,000,000 single / $1,000,000 aggregate – 2.5% to 3.0% rate
Application
Next Step Program
Thinking about graduating out of credit driven surety programs? Not sure if your business is qualified for the traditional standard surety market approach that includes lengthy and detailed underwriting information? Our new and exclusive Next Step Program application process helps bridge that gap. No CPA reviewed financial statements are required saving you time and money!
• Up to $1,500,000 single / $1,500,000 aggregate – Competitive Rate (2.5% and lower)
• Contractor Questionnaire
• Work On Hand Schedule
• Personal Financial Statement of All Owners
• Bank Reference Letter
• Current Business Tax Return
• Compilation OR in-house financial statement (This includes a balance sheet, profit & loss statement, and an accounts receivable (AR) Aging report) (Make sure these are completed on an accrual basis and NOT a cash basis)
Total Net Worth Program
This program is meant to allow bonding capacity to entities with a strong personal and business net worth, that have yet to have a need for CPA prepared financial statements.
• $2,500,000 single / $5,000,000 aggregate – Competitive Rate (2.5% and lower)
• Total Net Worth Application
• Work On Hand Schedule
• Personal Financial Statement of All Owners
• Bank Reference Letter
• Last Two (2) years Business Tax Returns
• Last Two (2) years Personal Tax Returns
• Compilation or in-house financial statement (This includes a balance sheet, profit & loss statement, and an accounts receivable (AR) Aging report) (Make sure these are completed on an accrual basis and NOT a cash basis)
Standard Market Program
Our standard markets offer bonding programs with unlimited single and aggregate job limits based on their underwriting of your company. We have the most competitive rate in the industry. CPA Compilation, Reviewed, and/ or Audited statements depending on the size of the bonding program are required.
• Contractor Questionnaire
• Work-On-Hand Schedule
• Bank Reference Letter
• Personal Financial Statement For All Owners
• CPA Year-End Financial Statements (2) Years – (This includes a balance sheet, profit & loss statement, and an accounts receivable (AR) Aging report) (Make sure these are completed on an accrual basis and NOT a cash basis)
