BMC-84 Bonds CCI Surety, Inc. Quick Hits – BMC-84 Bonds July, 2013 *UPDATED 5/3/2018 We are excited to announce that we are still quoting the $75,000.00 BMC-84 Bond with very competitive rates. With this program we may also be able to help new companies attain this bond. Get started Now 1. Reply to this email […]
We are happy to announce the new office location for our Tampa, FL office. We hope our clients find the new location more convenient and the expansion of our Southeast Regional office will allow increased capacity to handle accounts that are turned away by standard markets or standard accounts that need to stretch beyond their […]
This February we were excited to report the increases to the new SBA Bond Guarantee Program. In March, we are even more excited to report that we are already having success utilizing the program for bonds that would have previously been too large for the SBA Bond Guarantee Program. Most recently, our Florida Office was […]
All of the accounts we work on are non-standard, which means they always have at least some challenges. Even though we’ve had a long history of success utilizing the old SBA Guarantee Program limits, I was interested to see how working with larger contracts would go. Working closely with the SBA, agent, and contractor we […]
SBA Increases Project Size Limit to $10M – details: Previous Maximum $2M per project New Maximum Project Size $6.5M – On any bond, subject to normal underwriting consideration outlined in the previous SBA Guidelines $10M – Possible on any bond, subject to normal underwriting consideration outlined in the previous SBA Guidelines and performed for a […]
Project Size Up to 2x the largest completed project ($2M maximum per individual project) 15 to 20x available working capital (for all projects) – Lines of Credit are included as working capital – Contractors with negative working capital may also be eligible using additional tools Business Size Allowable business sizes based on total sales and […]
