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Here's your Bond Readiness Checklist

Here it is — bring these to the table and you'll get bonded faster and for higher limits. Want help assembling your package? Call (912) 687-3445 or request a quote.

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Business financial statement

Most recent fiscal year-end balance sheet and income statement. For larger programs, CPA-prepared (reviewed or audited) carries the most weight.

Interim financial statement

A current statement if your year-end is more than a few months old - sureties want a recent picture.

Personal financial statement

For each owner with 20%+ ownership. Most contract bonds require personal indemnity.

Work-in-progress (WIP) schedule

Current jobs with contract amount, percent complete, costs to date, billings, and estimated profit.

Completed jobs schedule

Your largest projects over the last 2-3 years: owner, contract value, and how they finished.

Bank line of credit

Your lender, credit limit, and current balance - it shows the surety you have liquidity.

Credit in order

Business and personal credit; flag and briefly explain any past issues up front rather than letting them surprise the underwriter.

Experience summary

Years in business, your single largest completed project, and your typical project size.

The bid or contract documents

For the job you are bonding: owner/obligee, scope, dollar amount, completion time, and the bond form required.

References

Key suppliers, major subcontractors, and recent project owners.

Ask about the SBA program

Newer or rebuilding credit? The SBA Surety Bond Guarantee Program can get you bonded when a standard market would decline.

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