Bid, Performance and Payment Bonds

All bonds are US Treasury Listed and areA+ rated by AM Best. 

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 credit.

·         Small Business 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 guidelines. .   

·         Standard Bonding – 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.