My Company Has A Low Net Worth. Can I Still Obtain Surety Bonds?

Can low net worth prevent contractors from getting bonded? Net worth and working capital are the two primary factors that traditional surety companies look at first when evaluating a contractor for bonding. But what if you have low, or no, net worth?  The Surety Bond Guarantee Program, or SBG, might just be the solution you’re…

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Should I Notify My Surety Company If I Plan To Sell My Company?

Is it time for you to cash out of your business through an acquisition? We’ve seen quite a few construction company acquisitions over the last several years, and we expect that trend to continue.   If your contracting company is being acquired, you’ll have a lot of loose ends to tie up. And one of those…

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Are You Seeing Increasingly Larger Bid Spreads In 2023?

Are You Seeing Increasingly Larger Bid Spreads In 2023?

If you answered yes to that question, you’re not alone. So why are we seeing larger bid spreads in the current market, and will it affect your surety bonding capabilities? Our team is always listening to our contractor clients, and always looking for trends that might have an impact on their bonding capacity and ability…

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I currently have negative working capital, and I need to bid on new projects. Can I still obtain bid, performance, and payment bonds? 

Can I still obtain bid, performance, and payment bonds?

That’s a great question that we sometimes get from our clients. Sometimes contractors get overextended in the normal course of business, and we get that. Don’t worry, presenting deficit working capital to a surety bond company is not necessarily a show-stopper that will keep you from getting bonded.  There can be a number of reasons…

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Does the SBA Surety Bond Guarantee Program (SBG) Evaluate Working Capital the Same Way as Traditional Surety Bonding Companies?

The need for surety bonding is a critical necessity for contractors to participate in government and commercial contracting at all levels. But how can small and mid-sized contractors get bonded when traditional Surety Companies say no? The good news is there are some exceptional Federal programs available for contractors who lack experience with surety bonding…

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