$75,000 BMC-84 Bond – New Company
1 Page Application – No Financials Required
Last fall, the FMSCA increased the bond requirement for BMC-84 Bonds from $10,000 to $75,000. The original deadline to acquire the bond was October 1st, 2013. During that time many freight brokers rushed to their insurance agents to place these bonds and many surety markets were not interested in them.
This spring, as construction season gets underway, we are seeing another uptick in BMC-84 Bond requests as new companies look to get bonded. Many companies may also have chosen not obtain the larger BMC-84 bond if they were not going to be doing business during the winter, but now must obtain bonding before they can begin work this spring. In any case, we are still competitively quoting BMC-84 Bonds including quotes for newly formed companies.
WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.
If you have any questions or need more information don’t hesitate to contact us.
Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.
Our Home Office handles bad credit 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 submissions or applications 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.
– 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
– 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