Ask the Surety Pro

Ask the Surety Pro

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

Jun 14 2023

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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What Key Parts of a Business Continuity Plan Are Important to a Bonding Company?

What Key Parts of a Business Continuity Plan Are Important to a Bonding Company?

Jun 6 2023

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…
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How Do Bonding Companies Determine Whether a Contractor Is of “Good Character”?

How Do Bonding Companies Determine Whether a Contractor Is of “Good Character”?

Jun 1 2023

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…
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Does an SBA-guaranteed surety bond replace the need to work with a traditional surety company?

Does an SBA-guaranteed surety bond replace the need to work with a traditional surety company?

May 24 2023

What you need to know about the SBA’s Surety Bond Guarantee Program, aka the SBG. The SBG program is highly beneficial as it enables contractors to obtain surety bonding for projects that would typically not be available to them. The SBG program is an excellent program for contractors and surety companies alike.  Find out why…
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How often do bonding companies want to see a contractor’s financial statements?

Surety companies need to monitor the financial health of their clients for the duration of a bonded project.

May 17 2023

Surety companies will periodically need to see their construction company clients’ financial statements. Here’s what you need to know. Surety companies need to monitor the financial health of their clients for the duration of a bonded project. We always want to ensure your profitability first and help keep you out of any potential danger zones…
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How do bonding companies evaluate job risk?

How do bonding companies evaluate job risk?

May 8 2023

Risk is a part of life, and that’s especially true in the contracting industry. So how do surety bond companies evaluate project risk? Having aided our clients with surety services for more than thirty years, we have gained valuable insights from our contractor clients. One of the most significant insights we’ve gained pertains to how…
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The Anderson & Catania surety team welcomes Chris Ruck, the latest addition to our team of dedicated surety professionals.

Apr 14 2023

Anderson & Catania is proud to announce the latest highly experienced, highly respected surety professional to join our team.  Chris Ruck has over 30 years of surety industry experience serving commercial and government construction companies. He has worked extensively with surety companies and underwriters to service clients ranging in size from Global 1000 firms to…
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What special talents and qualities do you always expect to see in successful construction company owners and operators?

Episode 39-Richard Anderson-Anderson and Catania

Apr 7 2023

In the surety services business, we often marvel at contractors who gain a high level of success in the ultra-competitive construction industry. We’ve been serving our construction company clients with their surety bonding needs for over three decades. And we never cease to be amazed at the qualities that construction company owner-operators demonstrate—day after day…
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