Is a Bank Line of Credit Required to Grow Bonding Capacity?

Is a Bank Line of Credit Required to Grow Bonding Capacity

Joe Catania, President of Anderson & Catania Surety Services, explains how bond companies view bank lines of credit. How does the availability impact the surety bond underwriting process? A bank line of credit adds extra cushion and comfort to the surety underwriting process.  The surety underwriter likes to see the bank support just in case there…

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Will Minimizing Company Taxes Impact My Bonding Capacity?

Will 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…

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How Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed?

How 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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How is Anderson & Catania Surety Services Differentiated from Other Surety Brokers/Insurance Agents?

How is Anderson & Catania Surety Services Differentiated from Other Surety Brokers Insurance Agents

Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, explains how the firm distinguishes itself from other bond service companies while helping its national and international clients. How many surety companies does A&C represent? We represent 38 sureties. How many years of experience do the surety professionals at A&C bring to their customers?…

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How Do Surety Companies Evaluate a Contractor’s Working Capital?

How Do Surety Companies Evaluate a Contractor’s Working Capital

Brent Headley of Anderson & Catania considers working capital to be one of the most important financial considerations in determining a contractor’s bonding program. How Much Working Capital is Needed to Support a Bonding Program? Working capital is the balance between a contracting company’s current assets minus its current liabilities. “Typically speaking, your standard surety…

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