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

Commercial Department

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The commercial department has remained busy while construction season winds down on norther states. We are seeing a lot of:

– Motor Vehicle Dealer Bonds
– BMC-84 (ICC Property Broker) Bonds
– Contractors License Bonds
– Wage & Welfare Bonds
– DEMPOS Bonds
– Utility Bonds
– Sales Tax Bonds

Not only have we been seeing them, but we are getting them done.

Incoming Business

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Last week was steady if not scattered with new accounts arriving from:

Chicago, Illinois
Cincinnati, Ohio
Indianapolis, Indiana
Des Moines, Iowa
Dallas, Texas
Rockford, Illinois
Lansing, Michigan
San Antonio, Texas
Boston, Massachusetts
Tampa, Florida
Jacksonville, Florida
Raliegh, North Carolina

Where can we do business?

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

SBA Bond Program Made Easy – Basic Guidelines

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Project Size
Up to 2x the largest completed project ($2M maximum per individual project)

15 to 20x available working capital (for all projects)
– Lines of Credit are included as working capital
– Contractors with negative working capital may also be eligible using additional tools

Business Size
Allowable business sizes based on total sales and the number of employees are determined by NAICS code and vary depending on the type of business. Total sales can be as high as $33.5M in many cases.

SBA Paperwork The SBA has greatly reduced the amount of paperwork needed to utilize the program. In addition to our normal underwriting documents there are only Two 1-page SBA forms, that need to be filled out.

CCI announces its 3X5 Surety Program

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Call CCI for a one page application and approval based upon credit. CCI will write single bonds (bid, payment and performance) up to $300,000 and provide an aggregate backlog of $500,000. This is a credit driven program where the individual owners must have a 650 or better beacon score to qualify. If they do not fit this program, we have other programs which may be applicable.

Call us today for the specifics of this new surety bond program.

CCI Partners with Ullico Casualty Company

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CCI Surety, Inc. is a Managing General Underwriter for Ullico Casualty Company which has a U.S. Treasury Listing of $5.8 Million and licensure in 48 states. Click here for more information.

CCI Surety has also partnered with Ullico Casualty Company for Wage and Welfare Program. Contact CCI for details regarding this program, or Wage and Welfare Ullico for the application.

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