Surety1 has access to a flexible short form program for California Performance Bonds.
The program is available to contractors nationwide. Get approved today for bid bonds, performance, and payment bonds. California is, by far, the largest market for performance and payment bonds in the nation.
While many insurance and surety agents offer various “short form” bond programs, most offer offer very little in the way of underwriting flexibility.
With other programs, if the contractor has “acceptable” credit, the bond is approved. It is usually approved at a 3% rate. If the credit is not acceptable, the bond is declined.
One Size Does Not Fit All at Surety1
At Surety1, highly qualified customers can qualify for a discount rate and/or higher bond limits. If credit is not acceptable, Surety1 can often times still get you the California performance bonds you need. We have many programs available including access to the SBA Bond Guarantee Program.
Surety1 is located in California and has been providing contract bonds in California since 2003. As such we know that just about every contractor is different. At Surety1 we have access to surety bond companies that recognize:
- Contractors with outstanding credit and more experience should pay less and qualify for more surety credit than those with acceptable credit and experience.
- If a contractor is willing to provide more information than just the simple application, that contractor may pay less and qualify for more surety credit.
- Even if a contractor has slightly tarnished credit, Surety1 may still qualify the contractor for a surety bond with the short form application.
Surety1, working together with its underwriting companies, has developed the most flexible short form program in the industry. California performance bonds with the highest program at the lowest cost.
NO FINANCIALS REQUIRED ON MOST APPLICATIONS (but if you give us a little more information, we might be able to save you a lot of money.)