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

Posts Tagged ‘No Credit Score Minimum’

Larger Bonds

Written by Jim Dillenburg on . Posted in Bid Bonds, Payment Bond, Performance Bond, Surety Bonds

Larger Bonds

Contractors can be pre-qualified for larger bonds

CCI Surety focuses on helping contractors obtain larger bonds. Sometimes a contractor may be able to qualify for bonds through quick programs that limit the size of project that can be bonded. With standard markets, larger bonds often require CPA prepared financial statements in order to qualify. CCI Surety makes every effort to extend surety credit for larger bonds without requiring CPA financials.

Getting Started on Larger Bonds over $400,000
CCI Surety can start to pre-qualify contractors for larger bonds from applications and submissions that have already been filled out for other markets. If no applications have been previously filled out, you can start with the CCI Surety Application for larger bonds.
No Minimum Credit Score for Larger Bonds
Credit score is also a factor when applying for larger bonds. CCI Surety is a non-standard bond market. Although we do review credit for problems, there is not a specific minimum credit score that is required in order to qualify for most types of bonds. Contractors may still qualify for larger bonds, even if they have been declined because of a low credit score.

In addition to Bid, Performance and Pyament, and many other types of Contract Bonds, our commercial surety bond department handles a wide variety of other types of bonds.

WE MAY BE ABLE TO QUOTE COMPANIES DECLINED FOR LOW CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions about surety bonds declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us.

– Jim Dillenburg [email protected] 866-317-3294

 

Bond Declined for Low Credit Score

 

 

 

Our Home Office handles Larger Bonds and other surety 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.
Our Southeast Office handles Larger Bonds for contractors in Alabama, Florida Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee
Our Southwest Office handles Larger Bonds for contractors in Arizona, California, Nevada, New Mexico, and Utah

 

 

 

 

Bond Declined for Low Credit Score

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Declined for Low Credit Score

In some situations, bonds can be quickly obtained based on credit score. Unfortunately, these programs are often limited to analyzing only credit score and that could result in a bond declined for low credit score. It these situations it is not time to give up. CCI Surety can often help write bonds for accounts, even when an account has a bond declined for low credit score.

Our underwriters look at many factors and are able to consider other attributes like positive work history, other financial strengths. CCI Surety also uses tools like the SBA Bond Guarantee program and funds control to help mitigate the risk associated with a low credit score. If you have an account that is is having difficulty being placed, contact CCI Surety for help today.

WE MAY BE ABLE TO QUOTE COMPANIES DECLINED FOR LOW CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions about a bond declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg [email protected] 866-317-3294

 

Bond Declined for Low Credit Score

 

 

 

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.

 

 

 

 

 

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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 any bond declined for low credit score with any 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

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