SBA Quick Bond Program
SBA Quick Bond Program Increase to $400,000
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 in late September, 2017. This means that contractors may be able to get SBA Bonds up to $400,000 without having to provide company financial information.
SBA Quick Bond Program – No Minimum Credit Score
A key component of the SBA Quick Bond Program is that there is no minimum credit score. Most quick bond programs that do not require financial documents use a minimum credit score to decline contractors. Utilizing the SBA Quick Bond Program, CCI Surety is able to help contractors obtain bonding, even if they have a low credit score. CCI Surety does still review credit for other issues that may effect the underwriting outcome. Our underwriters are skilled at working with SBA Bond Programs in general as well as other programs to help contractors that have difficulty obtaining bonds or quick bonds.
SBA Quick Bond Program – CCI Surety Small Contractor Program
CCI Surety has a program that is geared towards working with small contractors. The SBA Quick Bond Program is a key part of the program but there are many other tools that can help qualify small contractors. Funds control may be used with or even without the SBA Quick Bond Program in order to help contractors that may not have enough working capital or other financial difficulties.
SBA Quick Bond – Dedicated Personel
There is a dedicated staff for Small Contractors. Even contractors on small projects receive the full attention of the CCI Surety Small Contractor Program.
WE MAY BE ABLE TO HELP CONTRACTORS DECLINED BY OTHER MARKETS FOR SBA QUICK BONDS
If you have any questions about a bond 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 SBA Quick Bond Guarantee Program 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 SBA Quick Bond 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. 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 Quick Bond 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. Contract Bonds – 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 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
