by Kanisha Gresham | Dec 4, 2019 | Uncategorized
If the Principal (the one purchasing the bond) fails to perform as promised, the surety pays any losses and damages that occur. Without the surety, or if the surety in question is not certified to write surety bonds in said state, the public security and consumer...
by Kanisha Gresham | Oct 30, 2019 | Uncategorized
A Letter of Bondability, also known as a Good Guy letter or Sunshine Letter, has been around for a long time. Over the years, these letters have become stricter on what is required. In the past, agents would be able to prepare this letter on their own letterhead....
by Kanisha Gresham | Sep 20, 2019 | Uncategorized
Access to Capital, Financing for Small Business, presented by Sound Transit. Kara, among others, will be speaking on topics such as bonding, improving and maintaining credit score, reducing debt, tradition and non-traditional lending, strategies for capital access...
by Kanisha Gresham | Sep 19, 2019 | Uncategorized
Being the lowest bidder on a job can be quite exciting. However, depending on the spread between the lowest bidder and the others, the winner may be at risk. This is why surety underwriters request the other bid amounts to evaluate the spread. If the spread is greater...
by Kanisha Gresham | Aug 21, 2019 | Uncategorized
Due to the Federal Fiscal year end, the SBA will be closed from 9/25/2019 through 10/1/2019. Any Bid or Performance/Payment bond submissions should be made as early as possible in order to have final approval prior to end of business on Monday 9/24/2019. Give us a...
