Lottery Bond Up to $250,000
CCI Surety handles Lottery Bonds, even with a low credit score. In fact, in most cases CCI Surety does not require a credit report in order to issue lottery bonds under $250,000. The only thing we need to get started is the application below.
What is a Lottery Bond?
Most states require lottery bonds for businesses that sell lottery tickets or operate lottery machines. This means convenience stores, gas stations, and other businesses selling lottery tickets are likely being required to purchase a surety bond. This particular bond ensures that money collected by the business for lottery sales is appropriately paid to the state. It also ensures that the retail will follow the rules and regulations of the lottery in the state.
Clients Declined for a Lottery Bond
Many markets may decline a lottery bond because of a low credit score or other situations. Since CCI Surety has programs that do not require a credit report, we often have options even if your client has been declined for a lottery bond in the past.
You can call CCI Surety directly, use the ‘connect with an underwriter’ area on this page or “Chat Now” below during business hours. It is also possible to get started with the applications below:
More questions on Lottery Bonds? Contact Us
There are many types of additional commercial bonds that we can handle.
License and Permit Bond Application
Motor Vehicle Dealer Bond Application
BMC – 84 (Freight or Property Broker) Bond Application
Wage & Welfare Bond Application
Utility Bond Application
Liquor Bond Application
Lost Title Bond Application
Probate/Guardian Bond Application
Civil Court Bond Application
Business Service Bond Application
ERISA Bond Application
DEMPOS (Medicare) Bond Application
If you are not sure which bond to use, contact us.
Our Home Office handles Lottery Bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, Idaho, Oregon, Washington, Hawaii, Alaska, and Washington D.C.
Our Southeast Region Office Handles Lottery Bonds in Florida, Georgia, Alabama, Mississippi, Louisiana, Tennessee, North Carolina, South Carolina, and Tennessee
Our Southwest Region Office Handles Lottery Bonds in Arizona, California, Nevada, New Mexico, and Utah
Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Lottery Bond ★ 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 because of low credit score or other financial situations. 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 $400,000 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 – 2017 Top SBA Surety Bond Agent – 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