Is My Bank Line of Credit Counted As Working Capital In The Surety Bond Underwriting Process?

As a surety broker, we’re often asked about how having a commercial bank line of credit can help contractors grow their bonding capacity.

Working capital is always a key consideration when a surety company considers extending bonding credit to a contractor.

And if you have line availability on your commercial bank line of credit, you may be able to leverage that credit to obtain larger surety bonds.  

The Surety Bond Guarantee Program, or SBG, offered by the SBA, will count your bank line of credit availability toward working capital. That’s an advantage that traditional surety companies typically don’t offer! 

Want to learn more about leveraging your bank LOC with the SBG program? Then don’t miss this 90-second video from Gemma Fendler, SBA Specialist at Anderson & Catania Surety Services, LLC. 

Do you have questions about the surety bonding process and how to navigate your current working capital situation to your advantage? 

The experts at Anderson & Catania, a nationally authorized agent for the U.S. SBA Surety Bond Guarantee (SBG) Program, are waiting for your call.

Let’s start a conversation about your surety bonding needs today!