Companies and individuals new to the bonding process may find the idea of obtaining a bond or establishing a bonding program to be intimidating and confusing.
We help first-time bond users navigate the process and remain a dedicated resource to answer your questions and meet your needs.
Still have questions? Let’s chat.
As a credit-based instrument, obtaining a bond is similar to obtaining a loan, except it is for a specific contract/project/obligation. The personal credit scores of the owners are vitally important and producing personal and corporate financial statements that reflect strong character, capital, and capacity are key.
We have helped hundreds of contractors (and non-construction firms) obtain their first surety bonds. At a minimum, we recognize that surety bonds are a niche product and educating others is mutually beneficial.
Definitely not. A bond guarantees the performance of a contract. If you can provide information that shows you will complete the project and adhere to the terms of the contract, obtaining the bond is possible. The challenge is in taking the time to produce this information.
If you can complete the project, we can tell your story to obtain the bond.
The SBA Bond Guarantee Program acts as a backstop to surety carriers; if they suffer a loss the SBA will reimburse them. This program greatly expands the appetite of participating carriers.
For established contractors, the most valuable aspect of the SBA program is how they calculate working capital. Working capital, including a bank line of credit, can be multiplied 20 times to create a single bond limit.
It has been a great working experience working with Tom Patton from Evergreen Surety. We have been able to work together for two years and we look forward to continuing working together due to their professionalism and prompt responsiveness.
Managing Member, Concrete and grading contractor founded in 2021
We can connect you with other high-performing business professionals like bankers and accountants that can assist in positioning your company for financial success.
We can also help you make connections with project owners and general contractors to support your business development efforts.
Thanks for your interest in securing a surety bond with Evergreen Surety. Please provide any details related to your request in the form below and a representative will be in touch with 24 business hours.