Bid, Performance and Payment Bonds
All bonds are US Treasury Listed and areA+ rated by AM
We have many markets available to suit your needs.
Fast Track Program -
This is a bonding program for
contractors for single contracts up to $250,000. There is a two-three page
application and the bond can be approved by the bonding company in approximately
twenty-four (24) to forty-eight (48) hours after receiving the application. The
primary criteria underwriting for this bond is the business owners personal
Administration Bond Guarantee Program (SBA)
- The SBA does not issue bonds but
guarantees bonds that are written by certain bonding companies. These bonding
companies base their final approval upon SBA’s guarantee. A complete bond
package and SBA package must be initially submitted to the bonding company.
While the SBA Bond Guarantee Program is slightly more lenient than standard
bonding, the contractor must still meet the bonding company’s underwriting
– This is the bonding companies normal process. A complete bonding package must
be completed by the contractor and it is submitted to the bonding company’s
underwriter. There are certain bonding companies that provide bonds to small
businesses. Small businesses are their specialty. If a contractor does not
meet the underwriting criteria but is very close, the bonding company may
approve the bond contingent upon escrow, collateral or a letter of credit.