CCI Surety, Inc is an underwriter for Contract, Commercial and Miscellaneous Surety Bonds.

Bond Declined for Low Credit Score

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Declined for Low Credit Score

In some situations, bonds can be quickly obtained based on credit score. Unfortunately, these programs are often limited to analyzing only credit score and that could result in a bond declined for low credit score. It these situations it is not time to give up. CCI Surety can often help write bonds for accounts, even when an account has a bond declined for low credit score.

Our underwriters look at many factors and are able to consider other attributes like positive work history, other financial strengths. CCI Surety also uses tools like the SBA Bond Guarantee program and funds control to help mitigate the risk associated with a low credit score. If you have an account that is is having difficulty being placed, contact CCI Surety for help today.

WE MAY BE ABLE TO QUOTE COMPANIES DECLINED FOR LOW CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions about a bond declined for low credit score or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

 

Bond Declined for Low Credit Score

 

 

 

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond declined for low credit score with any application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

P3 Projects

Written by Jim Dillenburg on . Posted in Uncategorized

P3 Projects or Public Private Partnerships

P3 Projects in the news

There is bipartisan agreement in Washington, D.C. that an infrastructure bill is needed. How that agreement is made and when it is passed remains in question. One thing that appears certain is that P3 Projects are going to be a part of the solution. P3 Projects are design to get private dollars involved in projects that have a public benefit. This could be infrastructure projects that have been delayed but that could benefit a particular business. In many cases, P3 Projects may allow a private entity to invest in the project to expedite its completion.
1. Public Protection on P3 Projects
On normal Federal Government (and most government construction at any level) projects, contracts over a certain size determined by the Federal Miller Act are protected by surety bonds. In short, a surety bond ensures that the public project will be completed and that all subcontractors and suppliers on the project will be paid appropriately.
Private projects may or may not have surety bond requirements included. As P3 Projects become more popular, it is important for government entities at all levels include specific language requiring bonds on P3 Projects at the total contract value.
2. Total Value of P3 Projects
It is important that the entire P3 Project is bonded. In some past cases, bonds were accepted at a lesser amount. This still leaves public money and interests at risk. Conflict over responsibility on completion of the project or payment to subs and subcontractors typically cannot be divided between public and private, therefore the entire project needs to be bonded.
2. Action Items on P3 Projects
Specific infrastructure language on a Federal level bill in not in place at this time. State level bills and language vary by state. In the build up to new P3 Projects, it is important that you reach out to legislators at all levels to make sure bond requirements on P3 Projects remain in place in the same way they are on all public projects. Be available to legislators to answer questions and create appropriate bill language.

If you have any questions or need more information about bonds on P3 Projects, don’t hesitate to contact us –

Jim Dillenburg
jdillenburg@ccisurety.com
866-317-3294

 

P3 Projects

P3 Projects across the country

 

 

 

Our Home Office handles larger bond line situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Bond Questions

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Quesitons

Even Bond Experts Have Bond Questions

It is impossible to be an expert on all types of bonds. There are new types of bonds required every year and the ones that already exist often change. Having a strong network to ask bond questions is a key to providing prompt service for your clients. CCI Surety handles bond questions from first time agents all the way through seasoned bond professionals.

We Ask Bond Questions

 If we don’t find an immediate answer to your bond question, we use our network to find an answer. Start by reaching out, you can talk directly to underwriters who are making decisions and answering questions on your client’s bond.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
jdillenburg@ccisurety.com
866-317-3294

 

map-8.28.2014v2

 

 

 

Our Home Office handles quick bond questions in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any quick bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds – We can always start with bond questions.

Bond Turnaround

Written by Jim Dillenburg on . Posted in Surety Bonds

Bond Turnaround Time

Expect Quick Bond Turnaround Time from CCI Surety

Other markets, even non-standard markets have changing appetites. Some sureties change their focus to larger projects or to preferred agents when things get busy and this can affect turnaround time. If you notice a change in the the bond turnaround time you receive from an underwriter on Bid or Performance & Payment Bonds, you have options..
1. Know what types of bonds your surety focuses on
CCI Surety Always Specializes in Non-Standard Bonds:
– Target Projects $3,000,000 and under
– Dedicated underwriters focused on projects under $250,000
– Quick turnaround for all agents
Staying focused on these types of accounts helps ensure quick bond turnaround.
2. Market changes
The bond market is currently soft. Sometimes this helps agents get quick and easy turnaround on bonds for there clients. However, when things get busy and bigger accounts show up or high volume agencies call with new accounts, other surety markets may move your account to the back of the line. CCI Surety, services all agents quickly and efficiently by have non-standard bond underwriters that appreciate turnaround time constraints.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
jdillenburg@ccisurety.com
866-317-3294

 

map-8.28.2014v2

 

 

 

Our Home Office handles quick bond turnaround situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Larger Bond Line

Written by Jim Dillenburg on . Posted in Surety Bonds

Larger Bond Line

Prepare your contractor to participate in the coming infrastructure spending boom with larger bond lines while avoiding collateral.

Many parts of the country are experiencing construction optimism both in the quantity of projects available and the size of the projects. Larger projects take up capacity for large contractors and that leaves more  projects for smaller contractors. There are steps to take for insurance agents anticipating bond needs for their contractors.
1. Prepare for Larger Projects (even without CPA Financials)
Contractors that fit easily into credit-based quick programs need to be able to obtain a larger bond line and jump to projects that exceed the low limits of these programs. A review by CCI Surety now ensures that you have a plan in place for your contractor before they consider shopping for larger bond lines.
2. Get out of Collateral Arrangements
Bond programs that require collateral can drastically limit a contractor’s ability to obtain a larger bond line when more frequent and larger projects become available. CCI Surety exhausts all options rather than taking collateral and even if we do need a form of collateral we make it available to the contractor to use for hard costs on projects.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application or setting up a larger bond line, don’t hesitate to contact us –

Jim Dillenburg
jdillenburg@ccisurety.com
866-317-3294

 

map-8.28.2014v2

 

 

 

Our Home Office handles larger bond line situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

 

 

 

 

 

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for a larger bond line. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

BMC-84 Bond

Written by Jim Dillenburg on . Posted in Uncategorized

BMC-84 Bonds – Claims and Other Factors

Freight Brokers were required to increase their bond size to $75,000. Initially these bonds were expensive and very difficult to place. Multiple factors have changed in the last few years and some Freight Brokers are looking to return to the industry after deciding to forego the more difficult bonding process. We have also seen some areas where claims on BMC-84 Bonds have increased. In these changing and competitive situations it is important to stay diligent during renewal season. There may be more competitive offers available to clients that have BMC-84 Bond needs. CCI Surety is always looking to make sure we have competitive quotes, even on renewals.
Please reach out with any questions or new accounts that you would like feedback on.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

map-8.28.2014

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

CCI Surety Account Profile – No Collateral

Written by Jim Dillenburg on . Posted in Uncategorized

Account Profile – $2,322,000 Final Bond

We often work with agents and contractors that see collateral as an easy way to obtain bonding. In this instance a new agent to CCI had a DBE contractor that was running a successful business but the financials were not improving. The contractor was at a crossroads, he was pinned beneath collateral burdens and was set to give up large projects all together.Once we started working on the account, it quickly became clear that we could write this account and even increase their capacity substantially. We were able to write this while also completely eliminating all collateral requirements for bonding.Within a week the contractor was set up for bonds with the SBA Bond Program up to $1,500,000 and projects up to $3,000,000 with funds control to help the contractor manage cash flow. Since that time the contractor has completed two projects and the financials have improved. The improved balance sheet will lead to reduced controls on the account as the account continues to strengthen.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

map-8.28.2014

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Southwest Regional Office

Written by Jim Dillenburg on . Posted in Uncategorized

Southwest Regional Office

We are excited to announce Ethan Baker and Sydney Epema will be leading our new office location focusing on contract bonds in the Southwest!
Ethan Baker

Ethan Baker joins CCI Surety with over 10 years of agency and surety experience in the Phoenix area. In addition, his IT background make him a perfect fit for bringing CCI Surety’s non-standard solutions to the Southwest region quickly and efficiently. Although Ethan appreciates visits to the home office in chilly Minnesota, he prefers spending time with is lovely wife and two children in the Valley of the Sun.

 

 

 

Sydney Epema

sepema@ccisurety.com 

Sydney Epema will be moving from our home office to Arizona. She has worked with both contract and commercial bonds and brings a wide breadth of experience with her to the Southwest. She will act as office manager and help bring the same great experience to the area that agents are already used to when working with the home office.  

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

map-8.28.2014

Our Southwest Regional Office handles Non-Standard Bond situations in Arizona, California, New Mexico, Nevada, and Utah. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Account Profiles – Good Experience, Bad Credit

Written by Jim Dillenburg on . Posted in Uncategorized

Account Profile – $245,000 Final Bond

An agent approached CCI Surety with a long time Fire Alarm Installation Contractor client that didn’t typically work on bonded projects. Our biggest challenge with this account was the low personal credit scores of both the husband and wife who owned the company.We can often handle accounts that have one or two areas of weakness and we do our best to also identify the positive aspects of accounts. In this case, with a long history of success on projects of similar size and scope, we focused on references. To their credit, all inquiries on their past work came back overwhelmingly positive.

We had verified the performance aspect of the contractor’s capacity but due to the credit situation needed to address the payment security. In this case we used Funds Control to help mitigate payment risks. In the fall of 2015 the project was completed with no claims.

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

map-8.28.2014

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

License and Permit Bond Application

Written by Jim Dillenburg on . Posted in Uncategorized

License and Permit Bond Application

The License and Permit Bond Applications below can be used in situations where contractors have been declined for bonds by standard markets, or if standard markets do not approve contractors for large enough bonds. CCI Surety bond applications cover situations where a contractor may have a low credit score, working capital issues, or other financials issues.

License and Permit Bond Application

License and Permit Bond Application Review

CCI Surety, Inc. utilizes the information on the bond application and checklists to provide a quick response. If we are able to write the bond, we may require more information. Typically an underwriter is able to give a strong indication on whether or not a bond will be written. This helps save time that more arduous bond applications may entail. If you have questions, don’t hesitate to reach out to an underwriter directly.

Contract Bonds

Small contractors also have other bond needs that may come up like Bid or Payment and Performance Bonds. CCI Surety, Inc. also has a dedicated contract bond department that handles Bid or Payment and Perfromance Bonds for contractors that have difficulty obtaining bongs.

Bid, Payment and Performance Bond Application

Checklist for projects larger than $250,000

Larger Contractor Bond Programs

Contractors with bond needs ranging for $250,000 to $6,000,000 may also be bonded through CCI Surety. Our target range is typically surety bonds for projects $3,000,000 and under.

Contractor steps to enter the SBA Bond Guarantee Program

  • CCI Surety will determine if the contractor qualifies for the SBA Program based on the size of the contractor and the size of the project among other factors
  • CCI Surety will provide any documents required to enter the program during the underwriting process and throughout the contractor’s time in the program
  • The contractor is not required to be involved in any other SBA Programs
  • CCI Surety will provide invoicing, collection and payment for any required SBA Fees

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information about our Bond Application, don’t hesitate to contact us – Jim Dillenburg jdillenburg@ccisurety.com 866-317-3294

map-8.28.2014

Our Home Office handles SBA Bond Guarantee Program situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on any bond application that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

Privacy Policy