Release of Lien Bond
In most situations, Release of Lien Bonds are written with 100% Collateral as a condition.
CCI Surety has options without 100% collateral requirements with clients with a range of credit scores and financial strength. The strongest accounts with high credit scores and strong financial information may have Release of Lien Bonds approved with very little or even no collateral.
If you believe your client would be interested in a Release of Lien Bond with less collateral and you have an application and financial information, we may be able to help.
Our underwriters look at many factors and are able to consider other attributes for Release of Lien Bonds like positive lien resolution plans, or other financial strengths.
In addition to Release of Lien Bonds, our commercial surety bond department handles a wide variety of bonds. CCI Surety also handles a full range of Bid, Performance and Payment, reclamation and other contract bonds.
WE MAY BE ABLE TO QUOTE COMPANIES DECLINED FOR LOW CREDIT SCORE OR OTHER FINANCIAL ISSUES.
If you have any questions about a Release of Lien Bond or other surety bonds declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us.
– Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294
Our Home Office handles Release of Lien 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.
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, including Release of Lien Bonds. 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. Our Small Contractor Program team of underwriters focuses on projects under $400,000 using an application-only underwriting process. CCI Surety also has a very successful Easy Start Program for contracts between $400,000 and $3,000,000 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 Turnaround – 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
