Florida Pawnbroking Surety Bond

The Florida Department of Agriculture and Consumer Services requires proof of financial responsibility in order to get licensed as a Pawnbroker. The Florida Pawnbroking Surety Bond is one of the options available to applicants as proof of financial security.

What are the requirements in order to operate a pawnshop in Florida?

In order to legally operate as a pawnbroker in Florida, you must submit the following requirements to the Florida Department of Agriculture and Consumer Services:

• A completed application form 
• A license fee of $300 for every location
• Submission of the fingerprints of the operator, manager, all individuals with at least 10% ownership, and all officer and directors if it is a corporation
• A copy of the pawnbroker transaction form
• Proof of financial security in any of the following forms:
  • a $10,000 Florida Pawnbroking Surety Bond issued by a company licensed to operate in Florida
    • Note: Surety1 is licensed in all 50 states and can write this bond for as little as 1%!
  • current financial statement done by a certified public accountant (for those with a net worth of more than $50,000)
  • a $10,000 Irrevocable Letter of Credit
  • a $10,000 original Certificate of Deposit and Assignment Form

You can find out more about these licensing requirements on the Florida DACS website or the application package.

Where can I get a Florida Pawnbroking Surety Bond?

To obtain a Florida Pawnbroking Surety Bond, all you need to do is take a few minutes to fill out our free online application! Within one business day one of our licensed agents will contact you with a no-obligation quote for the price to obtain your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).

The surety bonding experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.