This time of year we celebrate all holidays the same way, we try to relate them to bonding in some way! The truth is, it is the time of year where contractors start to plan for next year. It is important to be as involved as possible this time of year to make sure that bonding obstacles are eliminated. We do not see as many final contract bonds in December and January, but we are still working hard to get contractors qualified for bonds next year.
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.
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
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.
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