• PA Contractor secured $7,000,000 bond for Caribbean Hotel Remodel
• NY Contractor secured $26,000,000 bond for China Embassy Update
• MN Contractor secured $3,000,000 bond with IRS tax lien in place
A Message from our National Surety Director on a KIS Surety Win:
Surety Bond Problem / Opportunity:
Applicant has been in business for a few years.
They are making money, but just got their first CPA prepared financial statement as of 12/31/16.
The statement shows that the owner borrowed from the company equal to 50% of the company net worth.
They won a subcontract that is 50% larger than their prior experience: $8+ million bond needed.
We gathered prior financial info from their tax returns.
The owner agreed to pay back money to the company, which was reflected on an interim FS.
Client explained why they have good capabilities to perform this project despite their size.
Full indemnity, no collateral, no funds control.$8 million bond issued!
We have helped countless small and medium businesses get the sureties they require. Trust us to do the same for you. Discuss your needs with our surety agents. They will gladly walk you through your options depending on your budget and the type of bonds you need. From construction to in-house bonds, we can assist you. Call us for more details.