Financial Guarantee Bond | Surety BondFinancial Guarantee Bond Application
Type of BondA Financial Guarantee Bond obligates the surety to pay the financial obligations of the principal, if the principal fails to perform its financial obligations. This does not negate the financial responsibility of the principal because the principal indemnified the surety and is required to payback the surety. These bonds are issued to provide protection to the beneficiary against breach of contract from non-payment by the principal. Financial Guarantee Bonds are usually offered to the principal in lieu of a cash deposit or ILOC. For example, a principal is opening a restaurant and the power company wants to guarantee that the principal will pay their utility bills, instead of posting cash deposit; the principal can free up their working capital and post a bond. These bonds a considered to be a high risk bond and are underwritten very carefully
Program: Our agency currently has several specialty programs that can help you place your Financial Guarantee Bond.
Financial Guarantee Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Financial Guarantee Bond is easy. You can apply for the Financial Guarantee Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Financial Guarantee.
|State||Surety Bond type||Bond Amount||Obligee||More info|
|Connecticut||Financial Guarantee Bond||Connecticut Resources Recovery Authority||Connecticut Financial Guarantee Bond|
|Florida||Financial Guarantee Bond||$30,000||Board Of County Commissioners Of Orange County Florida||Florida Financial Guarantee Bond|
|Kansas||Financial Guarantee Bond||$50,000||Global Crossing Bandwidth Inc||Kansas Financial Guarantee Bond|
|Kentucky||Financial Guarantee Bond||State Of Kentucky||Kentucky Financial Guarantee Bond|
|License Permit||Financial Guarantee Bond||License Permit Financial Guarantee Bond|
|Louisiana||Financial Guarantee Bond||$5,000||Secretary Of The Department Of Revenue For The State Of Louisiana||Louisiana Financial Guarantee Bond|
|Missouri||Financial Guarantee Bond||$100,000||Missouri Department Of Labor And Industrial Relations Division Of Employment Security||Missouri Financial Guarantee Bond|
|New Mexico||Financial Guarantee Bond||$5,000||New Mexico Department Of Transportation||New Mexico Financial Guarantee Bond|
|Ohio||Financial Guarantee Bond||$10,000||Burlington Northern Santa Fe Railroad||Ohio Financial Guarantee Bond|
|Pennsylvania||Financial Guarantee Bond||$10,000||Pennsylvania Training Assurance Fund||Pennsylvania Financial Guarantee Bond|
|Tennessee||Financial Guarantee Bond||$10,000||Comdata Network Inc||Tennessee Financial Guarantee Bond|
|Texas||Financial Guarantee Bond||$1,000||Us Department Of Agriculture||Texas Financial Guarantee Bond|
|Utah||Financial Guarantee Bond||$10,000||Cricket Communications Inc||Utah Financial Guarantee Bond|
|Washington||Financial Guarantee Bond||$10,000||Washington Department Of Health||Washington Financial Guarantee Bond|