Low Credit Score Bond CCI Surety has many programs designed to handle low credit score bond situations. Many contractors and other companies that require bonds have difficulties obtaining bonds. In may cases, a low credit score will result in a declination. There are non-standard bond markets that can issue bonds in some cases when a […]
Express Scripts Bond – Application Information Successful applicants seeking for a Provider Agreement with Express Scripts must provide a $500,000 Express Script Bond There are many requirements in the bonding process. Express Scripts is requiring a Bond in the amount of $500,000. In addition, the Express Scripts Bond must be obtained through a bonding entity […]
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 […]
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 […]
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 Quesitons Even Bond Experts Have Bond Questions It is impossible to be an expert on all types of bonds. There are new types of bonds required every year and the ones that already exist often change. Having a strong network to ask bond questions is a key to providing prompt service for your clients. […]
Bond Turnaround Time Expect Quick Bond Turnaround Time from CCI Surety Other markets, even non-standard markets have changing appetites. Some sureties change their focus to larger projects or to preferred agents when things get busy and this can affect turnaround time. If you notice a change in the the bond turnaround time you receive from […]
Larger Bond Line Prepare your contractor to participate in the coming infrastructure spending boom with larger bond lines while avoiding collateral. Many parts of the country are experiencing construction optimism both in the quantity of projects available and the size of the projects. Larger projects take up capacity for large contractors and that leaves more […]
BMC-84 Bonds – Claims and Other Factors Freight Brokers were required to increase their bond size to $75,000. Initially these bonds were expensive and very difficult to place. Multiple factors have changed in the last few years and some Freight Brokers are looking to return to the industry after deciding to forego the more difficult […]
Bid bonds are an essential link in any government project, meaning it’s a smart idea to learn how these products function and how they fit into the overall scope of working with contractors. The fact is that while bid bonds might not be the most exciting topic you’ll ever research, they might just ensure your […]
