Post by – Joe Allen –

Are you looking to write a large bid or performance bond?

 

Have you received a declination due to credit or financials?

 

Is the company a new entity, but your contractor has experience?

 

Are you only receiving offers with collateral requirements?

 

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Real examples of bond accounts we were able to approve and issue:

 

$2,500,000 Performance & Payment Bond

Electrical Package for an Apartment Complex.

This job is 9 times larger than any of their actual completed projects under this entity.

The owner has 20 years of experience in the industry and is 80% complete with a $1.8M job.

Since everything else made sense – financials, scope of work, bid specs, strong references – we were able to get the SBA on board for support of this final bond!

 

$1,388,352 Performance & Payment Bond

Subcontractor on a large residential apartment project.

First ever bond need.

In-house financial statements.

$12MM backlog.

$395K available on $1.5MM BLOC.

Approved with the SBA Bond Program!

 

$1,100,000 Performance & Payment Bond

The job had already started and was 35% complete when we began our review.

Received a positive “All Rights Letter” and status report.

Approved with the SBA Bond Program!

 

If you have a completed submission from another carrier, send it over!

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Contact CCI Surety

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.