Posts by edayadmin
Can My Passion for the Construction Industry Help Me Secure a Surety Bond?
Donzaleigh Powell, surety consultant at Anderson & Catania Surety Services, LLC, emphasizes the important role passion and relationship-building play in a construction company securing a surety bond. (video transcript) Telling your personal story is an important part of building a supportive surety relationship. Bonding is not just about your company’s balance sheet, although that’s important.…
Read MoreHow Does an Unforgiven PPP Loan Affect My Bonding Capacity?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, offers insight regarding PPP loans and their impact on surety bond capacity. Why Is It Important to Anticipate How a Surety Will Treat an Unforgiven PPP Loan? Obviously, if the PPP loan is unforgiven, the loan amount affects how the surety calculates the…
Read MorePodcast: Surety Bonding in Pivotal Points
Junior Gutierrez of NOVA Business Connection and Chris Smith of Anderson & Catania discuss surety bonding as it relates to navigating different opportunities and problems:
Read MoreHow Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed?
Partnering with a surety services firm that has extensive experience in the bond marketplace can provide contractors greater flexibility. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, emphasizes how Anderson & Catania builds relationships that expand opportunities. Is there a general rule that sureties apply to determine a contractors’ single project surety…
Read MoreMy Credit Score Has taken a Hit During the Pandemic. How Do Poor Credit Scores Impact Access to Bonding?
Donzaleigh Powell of Anderson & Catania Surety Services offers some encouraging advice to those whose credit has been hit hard by the pandemic, or who may have low credit scores in general. What personal credit scores are considered acceptable to surety companies? We don’t always get an exact score range, but generally, FICO scores 650…
Read MoreHow is a Surety Broker Different from a Commercial Insurance Broker?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses how surety brokers differ from commercial insurance brokers. What do you find most satisfying about your contractor relationships? “I’ve become good friends with many of my clients,” Brent says. “As with any friend, you want to see them be successful and be…
Read MoreWhy Are Personal Guarantees Required for Surety Bonds?
Joe Catania, President of Anderson & Catania Surety Services, discusses the reason why owners of construction or contractor companies must sign a personal guarantee with a surety company. What does it mean to offer a personal guarantee to a surety company? The owners of the company sign with a personal guarantee, so in addition to…
Read MoreAnderson & Catania Surety Services Welcomes Donzaleigh Powell
Meet Donzaleigh Powell! From Nashville, Tennessee, she joins Anderson & Catania Surety Services, bringing her longstanding relationships with subcontractors, prime contractors, project owners, and construction industry decision-makers to the team. Joseph Catania: Hello! I’m Joe Catania, president of Anderson & Catania Surety Services and on behalf of our company we’d like to welcome Donzaleigh Powell, coming…
Read MoreWhat is the Main Factor That Determines My Bond Rates?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses what impacts surety rates, including the primary factor that determines your bond rates. Has COVID-19 changed the way sureties evaluate working capital? In 2020, COVID-19 is not changing the way sureties look at working capital, according to Brent. “The federal government stimulus…
Read MoreHow is Anderson & Catania Surety Services Differentiated from Other Surety Brokers/Insurance Agents?
Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, explains how the firm distinguishes itself from other bond service companies while helping its national and international clients. How many surety companies does A&C represent? We represent 38 sureties. How many years of experience do the surety professionals at A&C bring to their customers?…
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