One simple call to Pro Surety Bond and you'll have a surety bond in no time. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. Call 800-314-7003 and speak with someone who can help you make a decision on your next surety bond. Don't wait any longer! Call the Ferndale Surety Bond Pros at 800-314-7003 !
Call 800-314-7003! What is a surety bond? A surety bond financially compels one party to fulfill a commitment. Do you on a business that sells lottery tickets? if so the government wants a guarantee that you are going to deposit the money that you have collected for it according to your agreement In most cases a surety bond will be the method of choice because surety companies are financially reliable. They have their own set of stringent regulations and when it promises it will pay a claim, it will. Surety companies that try to finagle out of paying valid claims can be fined, even if the principal (the party that bought the bond) doesn't agree with the claim. This is the only way that surety bonds will work. Pro Surety Bond has over 25 years of combined industry experience. Call us even if you think it will be too problematic getting a surety bond because of your poor credit. Call 800-314-7003!
If you are bidding on public projects for the City of Ferndale you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.
300 East Nine Mile Road Ferndale, Michigan 48220
Ferndale is a city in Oakland County and it is the 99th most populous community in the state of Michigan. Ferndale is largely residential though it does have a small commercial and Industrial sector in part of the city. The business district is centered at the intersection of Woodward and 9 Mile Road, where one will find boutiques, shops, storefronts, dance clubs, bars, and other recreations. Ferndale has a sizable LGBT population and progressive public policies. Today Ferndale is considered part of the Detroit metropolitan area; it is also is known for being the setting for the NBC sitcom Undateable.
What are the warning signs that surety companies look for when they believe that a contractor is about to fail? There are a number of indicators that surety companies use as black marks against a company. Some of these include an inability to forecast future cash flow or operating under constant conditions in which cash flow is tight; chronically low profit margins are another problem; in terms of credit, sureties look to see how much of a company’s credit is secured (the more secured the worse because it means that your credit is not strong); finally, if you have a reputation for low bidding on jobs (it says the company is not being run well). Call the Ferndale Surety Bond Pros Today at 800-314-7003
In what sense are surety bonds like credit? When you apply for a surety bond the first thing the surety company does is run a credit check. They do this because surety bonds are not insurance. When you buy a surety bond you don't transfer your risk to the surety company, because the risk remains yours. What you transfer to the surety is the responsibility for guaranteeing that the party asking for the coverage will be paid. The main reason you are buying a surety bond is so you don't have to put up your own money and tie up your credit and working capital. The upshot of this is that a paid claim amounts to a short term loan, and as such needs to be paid back.
What kind of things do surety look for when they are evaluating whether or not to issue a company a surety bond? When it comes to the construction business at least, financial strength is the most important thing. They look at net worth, how much working capital the company has, and the history of the company's profitability. Other important factors include experience, track record, how long your company's been in business, and how long the management has been in place. It's kind of a mix of hardcore figures and intangible factors related to character and confidence. Give us a call at 800-314-7003.
407 E 9 Mile Rd, Ferndale, MI 48220Phone: (248) 542-2160
There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.
|Ferndale Mortgage Broker Bond||Ferndale Supply Bond|
|Ferndale Janitorial Service Bond||Ferndale Auctioneer Bond|
|Ferndale Third Party Administrator Bond||Ferndale Contractor’s License Bond|
|Ferndale Guardianship Bond||Ferndale Subdivision Bond|
|Ferndale Executor Bond||Ferndale Wage and Welfare Bond|
|Ferndale Honesty Bond||Ferndale Utility Bond|
|Ferndale Pharmacy Wholesaler Bond||Ferndale Labor Bond|
|Ferndale Emissions Station Bond||Ferndale DMEPOS (Medicare) Bond|
|Ferndale Lost Instrument Bond||Ferndale Process Server Bond|
|Ferndale DMV Driving School Bond||Ferndale Fidelity Bond|
|Ferndale Injunction Bond||Ferndale Talent Agency Bond|
|Ferndale Auto Dealer Bond||Ferndale Employee Theft Bond|
|Ferndale Pawnbroker Bond||Ferndale Home Health Care Bond|
|Ferndale Credit Services Organization Bond||Ferndale Notary Bond|
|Ferndale Medicaid Provider Bond||Ferndale Title Agency Bond|
|Ferndale Performance Bond||Ferndale Bid Bond|
|Ferndale Release of Lien Bond||Ferndale Race & Sports Book Bond|
|Ferndale Public Official Bond||Ferndale ERISA Bond|
|Ferndale Travel Agency Bond||Ferndale Supersedeas Bond|
|Ferndale Credit Repair Bonds||Ferndale Insurance Broker Bond|
|Ferndale Lost Title Bond||Ferndale Mortgage Lender Bond|
|Ferndale Lost Deed Bond||Ferndale Appeal Bond|
|Ferndale Appraisal Company Bond||Ferndale Promoter Bond|
|Ferndale Health Club Bond||Ferndale Cost Bond|
|Ferndale Business Service Bond||Ferndale Replevin Bond|
|Ferndale Warranty Bond||Ferndale Payment Bond|
|Ferndale Telemarketer Bond||Ferndale Material Bond|
|Ferndale Sheriffs Indemnity Bond||Ferndale Collection Agency Bond|
|Ferndale Used Car Dealer Bond||Ferndale Garage Bond|
|Ferndale Off Site Improvement Bond||Ferndale Sales Tax Bond|
|Ferndale Lottery Bond||Ferndale Freight Broker Bond - BMC-84|
|Ferndale Non Resident Cost Bond|