Growing Your Bonding Capacity
Ask The Surety Pro – Tony DeMartino Explains What Can Trigger Changes to Your Bonding Limits
How often are a contractor’s single and aggregate surety bond limits reviewed or adjusted? In this episode of Ask The Surety Pro (1:14), Tony DeMartino, Surety Bond Producer, explains what can trigger changes to your bonding limits—and how those limits can grow alongside your business.
Read MoreAsk The Surety Pro – Chris Smith Explains How Marketing your Bonding Program Can Help You
Your bonding capacity is more than just a number—it signals financial strength, credibility, and that your company is ready for larger opportunities. In this episode of Ask The Surety Pro (1:30), Chris Smith, Senior Surety Broker, explains how marketing your bonding program helps owners, GCs, and procurement teams see you as a serious, qualified bidder—before…
Read MoreAsk The Surety Pro – Joe Catania Shares How Small Businesses Can Improve Their Financial Presentation & Expand Their Bonding Capacity
Small business contractors can prove their financial strength to surety companies—even without the deep reserves of larger firms. In today’s episode of Ask The Surety Pro (1:09), Co-Founder & CEO Joe Catania shares key steps small businesses can take to improve their financial presentation and expand their bonding capacity.
Read MoreAsk The Surety Pro – Chris Ruck Shares How Personal Assets Can Impact Your Bonding Capacity
Did you know a contractor’s personal assets can help increase bonding capacity? By serving as a backstop to company liabilities, personal assets reinforce financial strength in the eyes of a surety. In today’s episode of Ask The Surety Pro (0:53), our Vice President, Chris Ruck, shares how personal assets can positively impact a contractor’s ability…
Read MoreAsk The Surety Pro – Chris Ruck Shares Key Underwriting Strategies That Help Achieve Goals
Watch the latest episode of “Ask The Surety Pro,” where our Vice President, Chris Ruck, shares key underwriting strategies that can help you achieve your goals.
Read MoreAsk The Surety Pro – Rich Anderson Explains How to Frame a Takeoff to Boost the Chances of Approval
Surety brokers can play a supportive role in helping surety underwriters de-risk construction takeoffs, especially when contractors seek bonds for significantly larger projects. Watch the latest episode of Ask The Surety Pro, where Rich Anderson, Co-Founder of Anderson & Catania, explains how to frame a takeoff to increase the likelihood of bond approval.
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 MoreWhat Do Construction Bankers Look for When Reviewing A Working Capital Line of Credit Loan Application?
Bryan LePage, Vice President and Relationship Manager at M&T Bank, is an outside contributor to AC Surety. Today Bryan discusses the construction line of credit evaluation process in 2023. Are you a commercial or government-sector construction company considering the options for a credit facility in 2023? There are great opportunities for construction companies to get…
Read MoreWill Minimizing Company Taxes Impact My Bonding Capacity?
Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, discusses the delicate balance between tax obligation and financial retention strategies as it relates to a contractor’s bonding capacity and the role of the surety in finding that balance. Which year-end tax deferral strategies are commonly used by construction companies? Year-end tax deferral strategies…
Read MoreHow Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed?
Partnering with a surety services firm that has extensive experience in the bond marketplace can provide contractors greater flexibility. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, emphasizes how Anderson & Catania builds relationships that expand opportunities. Is there a general rule that sureties apply to determine a contractors’ single project surety…
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