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

BMC-84 Bond – New Company

Written by Jim Dillenburg on . Posted in Uncategorized

$75,000 BMC-84 Bond – New Company

 

1 Page Application – No Financials Required

Last fall, the FMSCA increased the bond requirement for BMC-84 Bonds from $10,000 to $75,000. The original deadline to acquire the bond was October 1st, 2013. During that time many freight brokers rushed to their insurance agents to place these bonds and many surety markets were not interested in them.

This spring, as construction season gets underway, we are seeing another uptick in BMC-84 Bond requests as new companies look to get bonded. Many companies may also have chosen not obtain the larger BMC-84 bond if they were not going to be doing business during the winter, but now must obtain bonding before they can begin work this spring. In any case, we are still competitively quoting BMC-84 Bonds including quotes for newly formed companies.

BMC-84 Bond Application

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

If you have any questions or need more information don’t hesitate to contact us.

Jim Dillenburg
[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

SBA Surety Bond Guarantee Program Results $1.2B

Written by Jim Dillenburg on . Posted in Uncategorized

$1.2 Billion in Contracts Awarded to Small Construction Firms in 2013

Story Below from Times Record News

Original Story

With the help of the Small Business Administration’s Surety Bond Guarantee Program, small construction firms were awarded in fiscal year 2013 more than $1.2 billion in contracts, the SBA reported. This number represents a 61 percent increase over fiscal year 2012.

The SBA also guaranteed bonds for public and private contract bids valued at $4.9 billion, resulting in a total contract amount of more than $6.1 billion.

“The Surety Bond Guarantee program, along with our loan programs, provides small businesses with significant opportunities to grow and create jobs, which translates into stronger local economies,” said Ann Marie Mehlum, SBA Associate Administrator for the office of Capital Access, which oversees the SBG program. “2013 was a banner year and we look forward to an even better 2014 helping small businesses bid for and obtain contracts.”

The SBA guarantees bid, performance and payment bonds issued by surety companies. This guarantee encourages surety companies to bond small businesses who are having difficulty obtaining bonding on their own. For the past seven years, the Surety Bond program maintained a steady upward trend in every key measure, including the number of bond guarantees issued, contract dollars awarded to small businesses and number of small businesses assisted. To assure continued growth of the program, SBA implemented several enhancements geared toward streamlining the underwriting process and providing easier access for surety companies in the eastern part of the country.

The Quick Bond Guarantee Application can be used for contracts valued at $250,000 or less and reduces the majority of paperwork and other underwriting information required of sureties and small businesses on larger contracts. The Quick App allows SBA and surety companies to issue bonds faster for small businesses.

CCI Surety – SBA Surety Bond Guarantee Program Leader

In 2012 CCI Surety was the SBA National Surety Bond Producer of the Year. CCI Surety has continued to be a leader in SBA Business and has been a positive force in shaping the SBA Surety Bond Guarantee Program into a program that is more accessible and applicable to projects that small construction firms typically bid on. Make sure you are working with sureties and agencies that are adept at utilizing the SBA Surety Bond Program.

SBA Quick Application

CCI Surety SBA Bond Program 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.

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.

BMC-84 Bond

Written by Jim Dillenburg on . Posted in Surety Bonds

New $75,000 BMC-84 Bond

As the dust settles on the October 1st BMC-84 Bond rush, we are now into the next phase where sureties are now in a position to potentially back date bonds in order for Frieght Brokers required to obtain the to be in compliance with the new regulations. The new $75,000.00 bonds that have been completed are already in force but there are still new accounts looking to obtaining bonding during the FMCSA grace period and while sureties are still willing to backdate BMC-84 Bonds. We are still able to accept our one page application found below. This program issues bonds without collateral and does not require financial information. If there is financial information, especially CPA reviewed financials, then the rate could be reduced. There is still time to get BMC-84 Bonds issued and backdated to October 1st in order to be in compliance with the new regulations.

BMC-84 Bond Application

If you have any questions or need more information don’t hesitate to contact us.

Jim Dillenburg
[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.

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 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

Quick Application

Written by Jim Dillenburg on . Posted in Surety Bonds

Quick application programs are great tools when your contractor fits into the program but there are important things to remember about quick program limitations and what to do if your account does not fit the program.Quick application programs are not necessarily a “Non-Standard” option. Many accounts that cannot fit into a typical quick program can still obtain bonding through true non-standard markets.Below are some suggestions on when to start working on alternatives and what to do if your client’s next project does not fit into the quick program.
When You Submit a Quick Application
When you submit a quick application for any program you should use that information to prepare for alternatives. Sending a copy of the same application to CCI Surety can allow us to give you feedback on the account and allows us more time to prepare options for you in the event your account does not qualify for the quick program.

When An Account is Declined

If you have not already submitted information to us, it is now time to. Although the original market may continue to work on the account while requesting more information, it is important from a timing perspective to start getting information to CCI Surety. It is likely that we will also require more information than the quick application provides, it is also more likely that we have the non-standard expertise to keep the bond opportunity alive.   

When An Account is Approved in A Quick Program
Even after an account is approved in a quick application program there are many instances when preparing the account for the future is warranted. If the account handles projects or an aggregate amount of work that exceeds the quick programs limits it is important to be prepared to handle larger projects.Jim Dillenburg – [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.

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 write 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

aff-logo2

 

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.

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

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

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.

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.

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