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 Canada
✯Established business North of the border looking to expand into the US
✯Written without conditions with a signed US and Canadian indemnity
Two Performance Bonds Needed – $1,933,357 and $1,953,531
✯1.75% Bond Rate
✯Funds Control
✯$400,000 Seed Money in the Escrow Account
✯Indemnity
Subdivision Bond Needed – $1,903,544.98
✯Public improvements for subdivision
✯Alone, the developer had insufficient financials for an approval
✯Approved the bond with the lender for the entire project as the third party indemnitor
Contact CCI Surety Today!
Have you recently received a declination from your standard market? If so, send the account over! Simply email jallen@ccisurety.com or give us a call at (866) 317-3294.
