Growing Your Bonding Capacity
My 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…
Read MoreHow 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?…
Read MoreWhat Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results?
An underwriter wants to see your whole organization. The CPA presentation is important, but the underwriter truly wants to get to know your passion for the construction industry, talk about your experience, get to know your personnel and their experience, what job sizes you can handle, discuss positive references on completed contracts, and understand the…
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