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…

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…

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…

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…

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…

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…

Nobody plans to fail. This is especially true for our contractor partners. Unfortunately, though, some contractors fail to plan when it comes to the continuity of their business. Let’s make sure that doesn’t happen to you.  There are two important aspects of business continuity planning you need to be aware of. So don’t miss this…

We all want to do business with people and companies of good character, but getting to know a customer can take time. Our job as a surety services company is to establish surety bonding credit for our contractor clients.  And while the character of our clients is super-important, sometimes we don’t always see their true…