Does an Automatic Bank Sweep Affect My Ability to Obtain Surety Bonds?

Anderson & Catania Senior Surety Bond Producer, Tony Demartino, provides some excellent insights on how to manage bank sweeps associated with commercial LOCs. Commercial bank lines of credit can be an excellent way to manage your business’s short-term obligations and expenses, like payroll, accounts payable, etc.  The problem can be that most banks require you…

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Accounts Receivable Collections-Best Practices Part 2

Accounts Receivable Collections-Best Practices Part 2

Anderson & Catania Co-Founder, Richard Anderson, has another entertaining AR collection story from the front lines. You won’t want to miss this one! How important are credit and collections for contractors? AR collections are critical to keeping cash flow positive. So what can you do when you’re not getting paid, and your calls are not…

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What do insurance companies, banks, and surety companies have in common?

What do insurance companies, banks, and surety companies have in common?

Banking, insurance, and surety companies are all critically important relationships for construction companies. There are subtle differences in the relationships to be sure, but they are also closely interrelated. For example, a company’s bank line of credit can have a significant impact on its ability to get bonded.  Working capital, bank LOC, operating income, and…

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How Do I Know if my Bonding Company is Financially Stable?

How Do I Know if my Bonding Company is Financially Stable

Anderson & Catania Surety Services has access to over 40 surety bond companies. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, discusses why having this expansive access to the bonding marketplace puts AC Surety at an advantage and how contractors can determine if their bonding company is financially stable. How do contractors…

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