Posts by EmoryDay
Welcome, Gemma Fendler, to the Anderson & Catania Surety Team!
Anderson & Catania welcomes Gemma Fendler, a consummate surety professional with 30+ years of experience, to the team. Anderson & Catania is proud to announce that another exceptional, highly experienced surety professional has joined our team. Gemma Fendler has over 32 years of surety experience spanning all aspects of the industry. Gemma spent 20+ years…
Read MoreDoes an Automatic Bank Sweep Affect My Ability to Obtain Surety Bonds?
Anderson & Catania Senior Surety Bond Producer, Tony Demartino, provides some excellent insights on how to manage bank sweeps associated with commercial LOCs. Commercial bank lines of credit can be an excellent way to manage your business’s short-term obligations and expenses, like payroll, accounts payable, etc. The problem can be that most banks require you…
Read MoreSurety Bond Agency Supports Woman and Minority-Owned Businesses
Anderson & Catania is a national surety bond agency dedicated to removing business obstacles for you, unleashing your entrepreneurial energy. At A&C, we also believe in supporting exceptional non-profits nationwide who help companies in their local communities to succeed and thrive. One of those organizations is the Nashville Business Incubation Center or NBIC. NBIC’s vision…
Read MoreSurety Agency Partners To Ensure Access To Higher Education
Anderson & Catania is a surety bonding agency focused on providing contractors with the surety bond knowledge and industry relationships needed to support informed decision making. We also like to help aspiring college students reduce the risk involved in obtaining an excellent education. That’s why we partnered again this year with the big-hearted, generous team…
Read MoreWhy Is My Surety Company Asking for a Verification of Project Financing on Commercial Projects?
With government sector public projects, you and your bonding company know the money is there to fund the work because the funds have been earmarked for the project by federal, state, or local government. But how do you know there are adequate funds to complete commercial projects? Contractors can approach the owner and ask for…
Read MoreAccounts Receivable Collections-Best Practices Part 2
Anderson & Catania Co-Founder, Richard Anderson, has another entertaining AR collection story from the front lines. You won’t want to miss this one! How important are credit and collections for contractors? AR collections are critical to keeping cash flow positive. So what can you do when you’re not getting paid, and your calls are not…
Read MoreWhat Suggestions Do You Have for Navigating the Current Supply Chain Bottlenecks?
Supply chain issues are getting complicated and intertwined, especially on projects with multiple primes. In Pennsylvania, for example, there can be up to four primes on a single project. Can one contractor with no supply chain issues be negatively impacted by a different contractor’s supply chain problems? The short answer is yes! But you can…
Read MoreWhat Risks Should Contractors Anticipate When Considering Solar Power Purchase Agreements?
Solar power purchase agreements can be lengthy and complicated. Contractors need to keep it simple, avoid undue risk, and focus on the construction component. An underwriter will review the entire solar power purchase agreement, but contractors need to keep it simple and focus on the construction component only. Don’t get caught up in the onerous…
Read MoreWhat Do Insurance Companies, Banks, and Surety Companies Have in Common?
Banking, insurance, and surety companies are all critically important relationships for construction companies. There are subtle differences in the relationships to be sure, but they are also closely interrelated. For example, a company’s bank line of credit can have a significant impact on its ability to get bonded. Working capital, bank LOC, operating income, and…
Read MoreCan You Get Bonded If Your Company Has A Negative Net Worth?
Over our 25 years in the surety business, we’ve met some excellent, successful contractors who thought they couldn’t get a surety bond because their company had a negative net worth. Nothing could be further from the truth. In fact, the SBA doesn’t even consider your company’s net worth when they look at bonding capacity. If…
Read More