CCI Surety, Inc is an underwriter for Contract, Commercial and Miscellaneous Surety Bonds.

SBA Quick Bond Program

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

SBA Quick Bond Program

SBA Quick Bond Program Increase to $400,000

SBA Quick Bond Application

The SBA Quick Bond Program, previously capped at $250,000, is designed to help contractors that are declined from other programs due to low credit score or other reasons. The SBA Quick Bond program is now being extended up to $400,000 in late September, 2017. This means that contractors may be able to get SBA Bonds up to $400,000 without having to provide company financial information.

SBA Quick Bond Program – No Minimum Credit Score

A key component of the SBA Quick Bond Program is that there is no minimum credit score. Most quick bond programs that do not require financial documents use a minimum credit score to decline contractors. Utilizing the SBA Quick Bond Program, CCI Surety is able to help contractors obtain bonding, even if they have a low credit score. CCI Surety does still review credit for other issues that may effect the underwriting outcome. Our underwriters are skilled at working with SBA Bond Programs in general as well as other programs to help contractors that have difficulty obtaining bonds or quick bonds.

SBA Quick Bond Program – CCI Surety Small Contractor Program

CCI Surety has a program that is geared towards working with small contractors. The SBA Quick Bond Program is a key part of the program but there are many other tools that can help qualify small contractors. Funds control may be used with or even without the SBA Quick Bond Program in order to help contractors that may not have enough working capital or other financial difficulties.

SBA Quick Bond – Dedicated Personel

There is a dedicated staff for Small Contractors. Even contractors on small projects receive the full attention of the CCI Surety Small Contractor Program.

WE MAY BE ABLE TO HELP CONTRACTORS DECLINED BY OTHER MARKETS FOR SBA QUICK BONDS

If you have any questions about a bond declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg [email protected] 866-317-3294

 

Bond Declined for Low Credit Score

 

 

 

Our Home Office handles SBA Quick Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

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Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any SBA Quick Bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Quick Bond program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Express Scripts Bond – Available Through CCI Surety

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

Express Scripts Bond – Application Information

Successful applicants seeking for a Provider Agreement with Express Scripts must provide a $500,000 Express Script Bond

There are many requirements in the bonding process. Express Scripts is requiring a Bond in the amount of $500,000. In addition, the Express Scripts Bond must be obtained through a bonding entity with an A.M. Best rating of A-VII or better. The Express Scripts Bond must be submitted before the Provider Agreement is offered. The Express Scripts Bond must also be maintained for a minimum period of 2 years.

CCI Surety has markets that meet the requirements for Express Scripts Bonds.

Express Scripts Bond Checklist

  1. Express Scripts Bond Application
  2. Personal Financial Statement (other forms may be accepted)
  3. Business Financials
  4. Key Personnel Resumes

Typically, CCI Surety handles bonds for individuals and entities that are declined by standard markets because of low credit score, financial weakness, or other difficulties. Express Scripts Bonds are currently difficult to place and most candidates will need to have fairly strong credit scores and/or financial strength in order to obtain bonds. CCI Surety continues to develop the most competitive bond markets for all types of surety bonds, including Express Scripts Bonds, and we will do our best to find a bonding home for your client.

Our Commercial Team

Express Scripts Bonds

Michelle Anderson

Express Scripts Bons

Allison Lemke

 

 

 

 

 

 

Michelle and Allison both handle Express Scripts Bonds in our home office. You can call 866-317-3294 to speak directly with our Commercial Bond Department that will work with you through the process.

If you have any questions about Express Scripts Bonds or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg [email protected] 866-317-3294

 

Express Scripts Bonds Available Nationwide

CCI Surety handles Express Scripts Bonds Nationwide

 

 

 

Our Home Office handles Express Scripts Bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, Florida, Alabama, Georgia, Tennessee, Mississippi, Louisiana, North Carolina, South Carolina, Arizona, California, New Mexico, Nevada, Utah and Washington D.C.

 

 

 

 

 

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Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can get started working on Express Scripts Bonds or any other bond declined for low credit score with any application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Bond Declined for Low Credit Score

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Declined for Low Credit Score

In some situations, bonds can be quickly obtained based on credit score. Unfortunately, these programs are often limited to analyzing only credit score and that could result in a bond declined for low credit score. It these situations it is not time to give up. CCI Surety can often help write bonds for accounts, even when an account has a bond declined for low credit score.

Our underwriters look at many factors and are able to consider other attributes like positive work history, other financial strengths. CCI Surety also uses tools like the SBA Bond Guarantee program and funds control to help mitigate the risk associated with a low credit score. If you have an account that is is having difficulty being placed, contact CCI Surety for help today.

WE MAY BE ABLE TO QUOTE COMPANIES DECLINED FOR LOW CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions about a bond declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg [email protected] 866-317-3294

 

Bond Declined for Low Credit Score

 

 

 

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

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Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond declined for low credit score with any application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Bond Questions

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Quesitons

Even Bond Experts Have Bond Questions

It is impossible to be an expert on all types of bonds. There are new types of bonds required every year and the ones that already exist often change. Having a strong network to ask bond questions is a key to providing prompt service for your clients. CCI Surety handles bond questions from first time agents all the way through seasoned bond professionals.

We Ask Bond Questions

 If we don’t find an immediate answer to your bond question, we use our network to find an answer. Start by reaching out, you can talk directly to underwriters who are making decisions and answering questions on your client’s bond.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
[email protected]
866-317-3294

 

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Our Home Office handles quick bond questions in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any quick bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds – We can always start with bond questions.

Bond Turnaround

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Turnaround Time

Expect Quick Bond Turnaround Time from CCI Surety

Other markets, even non-standard markets have changing appetites. Some sureties change their focus to larger projects or to preferred agents when things get busy and this can affect turnaround time. If you notice a change in the the bond turnaround time you receive from an underwriter on Bid or Performance & Payment Bonds, you have options..
1. Know what types of bonds your surety focuses on
CCI Surety Always Specializes in Non-Standard Bonds:
– Target Projects $3,000,000 and under
– Dedicated underwriters focused on projects under $250,000
– Quick turnaround for all agents
Staying focused on these types of accounts helps ensure quick bond turnaround.
2. Market changes
The bond market is currently soft. Sometimes this helps agents get quick and easy turnaround on bonds for there clients. However, when things get busy and bigger accounts show up or high volume agencies call with new accounts, other surety markets may move your account to the back of the line. CCI Surety, services all agents quickly and efficiently by have non-standard bond underwriters that appreciate turnaround time constraints.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
[email protected]
866-317-3294

 

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Our Home Office handles quick bond turnaround situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

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Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Larger Bond Line

Written by Jim Dillenburg on . Posted in Surety Bonds

Larger Bond Line

Prepare your contractor to participate in the coming infrastructure spending boom with larger bond lines while avoiding collateral.

Many parts of the country are experiencing construction optimism both in the quantity of projects available and the size of the projects. Larger projects take up capacity for large contractors and that leaves more  projects for smaller contractors. There are steps to take for insurance agents anticipating bond needs for their contractors.
1. Prepare for Larger Projects (even without CPA Financials)
Contractors that fit easily into credit-based quick programs need to be able to obtain a larger bond line and jump to projects that exceed the low limits of these programs. A review by CCI Surety now ensures that you have a plan in place for your contractor before they consider shopping for larger bond lines.
2. Get out of Collateral Arrangements
Bond programs that require collateral can drastically limit a contractor’s ability to obtain a larger bond line when more frequent and larger projects become available. CCI Surety exhausts all options rather than taking collateral and even if we do need a form of collateral we make it available to the contractor to use for hard costs on projects.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
[email protected]
866-317-3294

 

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Our Home Office handles larger bond line situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

How bid bonds protect government agencies

Written by Jim Dillenburg on . Posted in Surety Bonds

Bid bonds are an essential link in any government project, meaning it’s a smart idea to learn how these products function and how they fit into the overall scope of working with contractors. The fact is that while bid bonds might not be the most exciting topic you’ll ever research, they might just ensure your next job gets completed correctly and in a timely way.

In this post, our team at CCI Surety will walk you through bid bonds, from what they do to where you can obtain them. We understand the fact that the process of working with contractors tends to be complicated, but let us reassure you that with our trusted experts, the process will be easy to navigate and provide peace of mind that work will proceed as planned. There’s nothing better than having the confidence that the work you set out to do will be finished in the way you anticipated at a quality that exceeds your expectations. We’ll do everything we can to set you on the right path.

How bid bonds work

These bonds are a necessary link in the chain of events that must occur before a construction project planned by a federal, state, county or municipal government can begin. Essentially, the bond is given to a government agency as a guarantee of a contractor’s good faith.

For the sake of clarity, we’ll refer to contractors as principals from here on out. Principals must give government agencies bid bonds to signal that if they are awarded a contract for a construction project, they will do two things. First, they will enter into the contract with the agency. Secondly, they will post the required performance and payment bonds.

Keep in mind that generally speaking, bid bonds only are required as a percentage of principals’ bid. The accepted range often is between 5% and 20%.

Next steps

At this point, it’s a good idea to clarify how these bonds fit into the overall scope of a construction project. As we just noted, they open the door to a principal fulfilling required performance bonds and payment bonds.

Let’s break that down. A performance bond acts as a guarantee that a principal will do everything that is spelled out in a contract with an agency. The principal will honor the relationship established in the document and meet all of the details, terms and conditions. It’s an essential part of the contracting process with the low bidder for any given project.

We also mentioned that payment bonds factor into this process. Just as performance bonds ensure work will be done in a timely way according to specifications listed in writing, payment bonds ensure key stakeholders in the construction project will be paid using the proper channels and according to the proper terms. These bonds guarantee suppliers of direct labor and materials will be compensated, and though they are separate from performance bonds, they typically are issued for no extra charge in cases where they are required.

Tying it all together

As you can see, bid bonds are a crucial step to ensuring that performance and payment bonds are issued, paving the way for work to be done on behalf of a government agency. At CCI Surety, our friendly team members are expert underwriters capable of helping you meet your goals, no matter how complicated the project.

Whether you have questions about the process or you know exactly what you need and want to get started, we’re here to help. Give us a call today at our home office in Minnesota by dialing 866-317-3294 or at our Southeast Region office in Tampa, Fla., by calling 877-320-6947. We look forward to serving you and to helping you navigate the process of obtaining bid bonds.

Bond Application

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

Bond Application

The applications below can be used in situations where contractors have been declined for bonds by standard markets, or if standard markets do not approve contractors for large enough bonds. CCI Surety bond applications cover situations where a contractor may have a low credit score, working capital issues, or other financials issues. In many cases where projects are under $1,000,000, CCI Surety can find bonding solutions with in-house financials without requiring CPA prepared financials.

Contract Bond Application– For All Project Sizes (2 Pages)

Additional Checklist Items – For All Projects over $250,000

SBA Supplemental Information – Include for consideration for the SBA Surety Bond Guarantee Programs

Bond Application Review

CCI Surety, Inc. utilizes the information on the bond application and checklists to provide a quick response. If we are able to write the bond, we may require more information. Typically an underwriter is able to give a strong indication on whether or not a bond will be written. This helps save time that more arduous bond applications may entail. If you have questions, don’t hesitate to reach out to an underwriter directly.

Other Types of Bonds

Small contractors also have other bond needs that may come up. CCI Surety, Inc. also has a dedicated commercial bond department that handles a variety of surety bonds for small contractors including License & Permit bonds.

Commercial Bond Application

Larger Contractor Bond Programs

Contractors with bond needs ranging for $250,000 to $6,000,000 may also be bonded through CCI Surety. Our target range is typically surety bonds for projects $3,000,000 and under.

Contractor steps to enter the SBA Bond Guarantee Program

  • CCI Surety will determine if the contractor qualifies for the SBA Program based on the size of the contractor and the size of the project among other factors
  • CCI Surety will provide any documents required to enter the program during the underwriting process and throughout the contractor’s time in the program
  • The contractor is not required to be involved in any other SBA Programs
  • CCI Surety will provide invoicing, collection and payment for any required SBA Fees

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg [email protected] 866-317-3294

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Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Small Contractor Surety Bond Program

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

Small Contractor Program – $250,000 and Under

Small Contract Applications– For Projects $250,000 and under

SBA Supplemental Information – Include for consideration for the SBA Surety Bond Guarantee Programs

No Credit Score Minimum

CCI Surety, Inc. utilizes multiple tools to handle contractors that have low credit scores but still require bonding. We still review credit history to determine the extent of ongoing problems and to make sure the credit issues are being addressed. We have underwriters dedicating to working with contractors on projects this size and try to give any options available for Bid, Payment & Performance bonds.

Other Types of Bonds

Small contractors also have other bond needs that may come up. CCI Surety, Inc. also has a dedicated commercial bond department that handles a variety of surety bonds for small contractors including License & Permit bonds

Larger Contractor Bond Programs

Contractors with bond needs ranging for $250,000 to $6,000,000 may also be bonded through CCI Surety. Our target range is typically surety bonds for projects $3,000,000 and under.

Contractor steps to enter the SBA Bond Guarantee Program

  • CCI Surety will determine if the contractor qualifies for the SBA Program based on the size of the contractor and the size of the project among other factors
  • CCI Surety will provide any documents required to enter the program during the underwriting process and throughout the contractor’s time in the program
  • The contractor is not required to be involved in any other SBA Programs
  • CCI Surety will provide invoicing, collection and payment for any required SBA Fees

Small Contract Applications– For Projects $250,000 and under

Contract Bond Application – For Bonds larger than $250,000

SBA Supplemental Information – Include for consideration for the SBA Surety Bond Guarantee Programs

 

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about SBA Bond Markets don’t hesitate to contact us. Jim Dillenburg [email protected] 866-317-3294

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Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on submissions or applications that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Payment and Performance Bonds

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

Payment and Performance Bonds

 

Bid Bonds

Bid bonds are normally a precursor to needing a Payment and Performance Bonds. Anytime that a bid bond it issued, it is a signal that the surety intends to provide a Payment and Performance bond for the contractor. The underwriter working on your Bid Bond usually reviews the account and requires the same information that they would need for a Payment and Performance Bonds.

 

Application for a Bid Bond

Applying for a Bid or Payment and Performance Bond can be cumbersome. Many programs rely on credit score but CCI Surety can also handle bond needs for contractors with a low credit scores. There are many options for contractors with credit score or financial issues that need Bid or Payment and Performance bonds. CCI Surety reviews accounts for many options and can make multiple offers for contractors.

Jim Dillenburg
[email protected]
866-317-3294

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Our Home Office handles Motor Vehicle Dealer Bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, Florida, Georgia, Alabama, Mississippi, Louisiana, Tennessee, North Carolina, South Carolina and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on submissions or applications that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

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