Ask Your Surety Pro – How a Surety Evaluates a Note Payable Due From an Owner

A note payable due from a construction company owner isn’t automatically a problem—but to a surety, it often raises a simple question:

“Did value leave the company at the expense of the balance sheet that supports project performance?”

In the today’s episode of Ask The Surety Pro, Chris Ruck, Vice President, discusses how sureties evaluate a note due from an owner, including the possibility of a surety writing off the full value of the note payable.

Watch time: 1:15