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

SBA Quick Program Update

Written by Jim Dillenburg on . Posted in Uncategorized

SBA Quick Program Update

As of February 12, 2014 the SBA Quick Program has been expanded to include projects with 2 year maintenance periods. In addition, liquidated damages up to $1,000.00 per day can also be accepted in the program. This program is beneficial for small contractors and can help them build a bond history on larger projects. Building a surety bond history will eventually help contractors obtain bonding on larger projects that require bonds. Contractors that are still developing their financial sophistication may be able to obtain bonds through this program as the develop their financial profile. The SBA Quick Program is designed to allow underwriters to take into account the big picture on a contractor without a specific credit score qualification. If a contract has a low credit score, or other financial issues, but the rest of the company history shows promise, the SBA Quick Program may provide a pathway back to standard surety bond markets.

Please contact us with any questions or for more information. Our application is available here:

SBA Quick Application

For more general information, visit the SBA website.

James Dillenburg

[email protected]

Contract Bonds: Alabama Surety Bonds are handled through our Southeast Office, All Commercial Bonds are handled in the Home Office.

The SBA Quick Program can be utilized by CCI Surety in all 50 States.

Bad Credit Bond

Written by Jim Dillenburg on . Posted in Uncategorized

How To Handle Bonds in Bad Credit Situations

Bad Credit Bond situations come in many forms and we see a lot of accounts that have bad credit or other challenges. Obtaining a bad credit bond can be challenging for contractors and insurance agents that do not have a relationship with a surety that handles bonds in a bad credit situation. CCI Surety handles bad credit bond accounts on a daily basis and our underwriters are trained to look beyond the bad credit score to look for opportunities to underwrite the bond. It may take more work but if your client has other strong attributes or experience then our underwriters will do their best to turn the bad credit bond situation into an opportunity. There are many ways to get started if you are facing a bad credit bond need. You can call CCI Surety directly or use the ‘connect with an underwriter’ area on this page. It is also possible to get started with the applications below:

Bad Credit Bond – Commercial Application

Use this application when a common commercial bond is needed.

 

Bad Credit Bond – Performance Payment Application

Use this application for bid, or payment and performance bonds.

If you are not sure which bond to use, contact us.

 

Jim Dillenburg
CCI Surety
[email protected]

All commercial bond business (including BMC-84 Bonds) are handled through the home office.

CCI Surety handles bonds in all 50 states. All commercial bond business (including BMC-84 Bonds) are handled through the home office.

 

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 3 x 5 program, which allows us to approve single bonds up to $300k and / or an aggregate program up to $500k, with just a two page application and no financials required. 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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Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit 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, and Washington D.C.

BMC-84 Freight Broker Bonds

Written by Jim Dillenburg on . Posted in Uncategorized

BMC-84 Freight Broker Bonds

As the October 1st change to $75,000 bond requirements approach, many agents and brokers are still scrambling to find homes for their BMC-84 Bonds(formerly ICC Property or Freight Broker Bonds). At this time we are still able to get quotes out but those quotes will soon need to be evaluated after October 1st if the surety is required to backdate the bond. As of today, not all sureties are guaranteeing to backdate this particular bond so it is still best to get a quote and all paperwork finalized as soon as possible. A quote can be obtained with the one page application below.

BMC-84 Bond 1 Page Application

BMC-84 $75,000 Application

Jim Dillenburg
CCI Surety, Inc.
[email protected]
866-317-3294

All commercial bond business (including BMC-84 Bonds) are handled through the home office.

All commercial bond business (including BMC-84 Bonds) are handled through the home office.

Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit 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, 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 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

Alabama Motor Vehicle Dealer Bond Renewal

Written by Jim Dillenburg on . Posted in Uncategorized

To clarify on our previous message about Alabama Motor Vehicle Dealer Bond Renewal, we do handle both the $25,000.00 and the $10,000.00 version with the same bond application found below. Thanks again and don’t hesitate to contact us with any quesitons.

Alabama Motor Vehicle Dealer Bond Application

 

Jim Dillenburg

CCI Surety, Inc.

[email protected]

866-317-3294

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Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit 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, and Washington D.C.

Alabama Motor Vehicle Dealer Bond Renewal

Written by Jim Dillenburg on . Posted in Uncategorized

Alabama Motor Vehicle Dealer Bond Renewal

August when the renewal process for Motor Vehicle Dealer Bonds in Alabama must be renewed. Our commercial department handles Motor Vehicle Dealer Bonds in Alabama and we’d be happy to offer you a competitive quote or work on accounts that have weakened and are no longer qualified for their current market. Although CCI Surety specializes in working with accounts that have bad credit or poor financials we can handle both standard and non-standard commercial business.

Alabama Motor Vehicle Dealer Bond Renewal Application

We can get started from any existing application you have filled out for an Alabama Motor Vehicle Dealer Bond Renewal. You can also start your bond renewal with our one page application, Alabama Motor Vehicle Dealer Bond Application or send us an application you have already filled out for another market to get started.

 

Jim Dillenburg

CCI Surety, Inc.

[email protected]

866-317-3294

map

Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit 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, and Washington D.C.

BMC – 84 Bonds Must Be Paid and Filed by October 1st

Written by Jim Dillenburg on . Posted in Uncategorized

Documents and payment related to BMC-84 quotes must be received before October 1st in order to guarantee they will be in place by the October 1st FMCSA deadline. Previously it was believed that the bond could be back dated to October 1st as long as it was received before October 31st. This has changed and finalizing the bond before October 1st is the only way to guarantee both the rate and that the bond will be filed on October 1st to be in compliance with the new regulations.

Freight Brokers – Revocatoin of Authority

Written by Jim Dillenburg on . Posted in Uncategorized

We have been keeping you up to date as much as possible on the change to the $75,000 requirement on freight brokers (BMC-84) bonds. This week the FMCSA has sent out “Revocation of Authority Notices” to freight brokers. If you haven’t already, it is approaching crunch time to reach out to your clients and be prepared to address new clients as those that haven’t planned according start to scramble. Contact CCI for more information about our 1-page application that does not require financial documents and will not require collateral.

Jim Dillenburg
866-317-3294
[email protected]

BMC – 84 Cancellation Notices

Written by Jim Dillenburg on . Posted in Uncategorized

Welcome back from the holiday weekend! Some of your clients may be receiving cancellation notices from their surety as early as this week on their $10,000 BMC-84 Bond (formerly the ICC Property Broker Bond). As we have mentioned in the past, the bond requirement for these bonds is increasing to $75,000.00 on October 1st, 2013 and some sureties will no longer write this business. You can obtain a quote for the new BMC-84 Bond by following the steps below and filling out the one-page application.
Get started Now

1. Fill out the information in the “Contact An Underwriter” fields, or go to the commercial page and download the correct application.

2. If you already have an application filled out with the same information we can start working from that application immediately.

3. If you have questions, call our Commercial Bond Department at 866-317-3294 or email [email protected]

Sincerely,

Jim Dillenburg
CCI Surety, Inc.

BMC – 84

Written by BooAdmin on . Posted in Uncategorized

CCI Surety, Inc.
Quick Hits – BMC-84 Bonds
July, 2013

We are excited to announce that we are now ready to quote the new $75,000.00 BMC-84 Bond. With this program we may also be able to help new companies attain this bond.
Get started Now

1. Reply to this email with a completed application:

$75,000.00 BMC-84 Bond Application

2. If you already have an application filled out with the same information we can start working from that application immediately.

3. If you have questions, call our Commercial Bond Department at 866-317-3294 or reply to this email.

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