Post by – Joe Allen – Real World Examples of Our Accounts CCI Surety has the capability to do more than help accounts with poor credit and/or poor financial statements. Here are some real world situations we have come across, and how we approved each bond. $4,000,000 Janitorial Service Contract ✯Recent US Permanent Resident from […]
Post by – Joe Allen – Upcoming Bond Changes and Renewals ✯Alabama Motor Vehicle Dealer Bonds✯ As of 10/1/2020, this bond increased to $50,000 ✯Nebraska Motor Vehicle Dealer Bonds✯ Upcoming 12/31 expiration date We have been seeing an increase in: ✯BMC-84 Bonds✯ ($75,000 ICC Broker Bonds) ✯Business Service Bonds✯ (Janitorial, home health care services, handyman […]
Post by – Joe Allen – The Office of Surety Guarantees will be holding their 50 year anniversary virtual conference on September 24th & 25th! If your agency is new or experienced in the surety industry, you don’t want to miss this. Registration is now open! Join SBA Chief of Staff William Manger, OSG Director […]
Post by – Joe Allen – Small Contractor Quick Program With the current market fluctuating, CCI Surety is targeting small contractors who no longer fit into their standard carriers’ quick program. Has your contractor lost surety support? Have they been declined by other credit-based programs due to a low credit score or financial document requirements? […]
Post by – Joe Allen – New Year, New Bond Needs Michael Williams CCI Surety, Inc. Aimee Henard The Main […]
Post by – Joe Allen – CCI Surety Can Help Rapidly Growing Contractors! ✯ Five-Year average revenue is now an option✯ ✯ Three-Year average revenue can still be used✯ ✯ We can review existing accounts under the new guidelines✯ Effective January 6th, 2020 new rules will be implemented when calculating a contractor’s size in the SBA Bond Guarantee […]
Post by – Joe Allen – Happy Holidays From CCI Surety, Inc. CCI Surety would like to thank everyone for another great year! As we enter into 2020, be sure to address your clients upcoming bond needs. Any hesitations open an opportunity for someone else. Whether you have a contractor declined due to […]
Post by – Joe Allen – Effective August 19, 2019! The SBA has increased the size standards for their Surety Bond Guarantee Program! Previous limits: GC/Heavy Highway – $36.5MM Specialty Trades – $15MM New Limits: GC/Heavy Highway – $39.5MM Specialty Trades – $16.5MM SBA Quick Program – $400,000 and Under Large Contractor Program – […]
SBA Quick Bond Program SBA Quick Bond Program Increase to $400,000 SBA Quick Bond Application The SBA Quick Bond Program, previously capped at $250,000, is designed to help contractors that are declined from other programs due to low credit score or other reasons. The SBA Quick Bond program is now being extended up to $400,000 […]
Bond Application The applications below can be used in situations where contractors have been declined for bonds by standard markets, or if standard markets do not approve contractors for large enough bonds. CCI Surety bond applications cover situations where a contractor may have a low credit score, working capital issues, or other financials issues. In […]
