Post by – Joe Allen –
The CCI Surety Quick Program
Our small contractor program is focused on helping new and emerging contractors grow and obtain the bond programs they need!
✯For contractors looking to bond projects $400,000 and under✯
✯No minimum credit score requirement✯
✯Financial statements typically not required✯
Here are some real life examples and how we were able to help
$57,000 and $122,000 Performance & Payment Bonds
- Roofing Company less than 1 year old.
- The owner had a prior personal bankruptcy in 2008. They have since recovered and now have excellent credit.
- We were able to get this approved with their personal financial statements!
4 separate Performance bond needs for the same contractor – $350,000/$250,000/$147,000/$64,000
- Other markets had decided to decline as they were not comfortable bonding the aggregate amount.
- We were able to get all 4 bonds approved with in-house financial statements!
$400,000 Performance & Payment Bond
- The contractor had been in business for less than a year.
- The project was more than twice the amount of any project they had completed in the past.
- CCI was able to approve through our Quick App Program with a credit check and a resume showing they had good experience from a previous employer!