There are many businesses that need performance bonds. These are among the most common form of surety bonds. These are contracts that are made up of three parties. There is the person or party who receives the obligation, the principal who performs the obligation as defined in the contract and the surety. This is the most important party of the contract as this party assures the obligee that the principal can perform all duties set forth in the contract.
If you are in real estate or construction anywhere in the United States you are well aware of how great an investment performance bonds are. They can protect your firm against costly claims and holding these types of bonds is an excellent way to show potential clients and vendors that you are fully committed to backing up your skills, abilities and work.
This type of bond can also incorporate payment bonds which are for labor and materials used on a particular job. There are some jobs that will require that you hold a bond in order to bid on the project.
The bond is issued by a special insurance company but sometimes can be issued by a bank. When you want an excellent bond that can be issued quickly you want to go with a company that has specialized in bond issuance of all kinds for decades.
One such company is Bonds Express. This company has been in business since 1967. One visit to the company’s website reveals just how much information they can provide regarding bonds of all kinds. After being in business for nearly 40 years, this is the only company you need to purchase your bonds from. They even have employment theft bonds which the owner, Ralf Rigo, highly recommends having experienced employee theft first hand.
You can apply for your bond online and get a fast response regarding your approval. There are three levels available and they include preferred credit approval, good credit approval, and bad credit approval.
There is something for every applicant and the application process is simple. The terms are laid out right on the website. If you have a credit score of 700 or higher, you can fill out the preferred credit approval application and you will not even need to show any financial statements. All you need to do is meet the terms of the preferred credit approval which are clearly indicated on the website.
Your approval notice will be given in under 24 hours in many cases. That’s fast funding for a project of any size or amount.
Remember not to let bad credit keep you from job bids. Even if you have a low credit score you can still get approval with your history as a contractor. Express Bonds will not use your credit score to approve you. Get in touch with Express Bonds now to obtain the performance bond you need to get your bids in on that next big project. If you prefer, you can call them to discuss your needs.