Posts by EmoryDay
Ask The Surety Pro – How Does a Surety Broker With Broad Access to Multiple Surety Companies Benefit Contractors?
Discover why contractors benefit when a surety bond agent has trusted relationships with multiple surety bond companies. Watch our latest Ask The Surety Pro episode featuring Tony DeMartino (@TonyDeMartino), Surety Bond Producer at Anderson & Catania, to learn more!
Read MoreAsk The Surety Pro – Rich Anderson Speaks on How Contractors are Navigating the Post-COVID Landscape
Discover how contractors are navigating the post-COVID landscape in our latest episode of Ask The Surety Pro. Join Rich Anderson, Co-founder of Anderson & Catania, as he shares insights on adapting to the new economic reality after stimulus funds have been spent. Don’t miss out on Rich Anderson’s valuable feedback and strategies—watch now!
Read MoreAsk The Surety Pro – Chris Ruck Explains How Surety Brokers Help Contractors Meet Bid Deadlines
Check out the latest episode of Ask The Surety Pro, where Joe Catania, CEO and Co-Founder of Anderson & Catania, reveals exciting new developments at our agency for May 2024. Joe unveils the expansion of our back-office support staff, aimed at enhancing customer service for our valued clients, both existing and prospective. Plus, explore our expanding presence in key geographic markets with the addition of new branch offices.
Watch now to gain insights from a leading SURETY BOND ONLY agency committed to helping you grow your backlog and seize profitable opportunities!
Read MoreAsk The Surety Pro – New Developments at Anderson & Catania for May 2024
Check out the latest episode of Ask The Surety Pro, where Joe Catania, CEO and Co-Founder of Anderson & Catania, reveals exciting new developments at our agency for May 2024. Joe unveils the expansion of our back-office support staff, aimed at enhancing customer service for our valued clients, both existing and prospective. Plus, explore our expanding presence in key geographic markets with the addition of new branch offices.
Watch now to gain insights from a leading SURETY BOND ONLY agency committed to helping you grow your backlog and seize profitable opportunities!
Read MoreIs My Construction Company Too Large To Consider The SBA Surety Bond Guarantee (SBG) Program?
How big is too big for the SBA SBG Program? Gross annual revenue or total employee headcount can impact your ability to utilize the Surety Bond Guarantee Program from the Small Business Administration (SBA). But when is a construction company too big to participate in the SBA SBG program? The answer just might surprise you.…
Read MoreMy 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…
Read MoreShould 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…
Read MoreIs My Bank Line of Credit Counted As Working Capital In The Surety Bond Underwriting Process?
As a surety broker, we’re often asked about how having a commercial bank line of credit can help contractors grow their bonding capacity. Working capital is always a key consideration when a surety company considers extending bonding credit to a contractor. And if you have line availability on your commercial bank line of credit, you…
Read MoreAre 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…
Read MoreI currently have negative working capital, and I need to bid on new projects. 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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