Don’t worry about paying a lot for surety bond premiums. Call Pro Surety Bond. 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. Why not just call 800-314-7003 and find out how great our rates are? It will make sense why our clients renew with us year after year. Call the Maple Heights Surety Bond Pros at 800-314-7003!
Call 800-314-7003! What is a surety bond? A surety bond can sometimes be thought of as a security deposit, the good part being that no actual money has to be put down. Why not? Let’s take the example of someone who runs a SAG talent agency. To discourage fraud in an industry that is known for it, the government licensing body has regulations to discourage it: do business honestly or be fined. On top of that the government wants a guarantee that those fines can be paid. You could put down a deposit to cover yourself in principal, but that would eat into your assets, so the government allows you to buy a surety bond instead. Surety companies know that credit checks and other financials are good predictors of whether someone is likely to default on a commitment, which means that if your financials are good, the surety will promise the government that the surety will take the responsibility of making sure the talent agency meets the agreement. Note that this does not mean that they take responsibility for fines themselves; the defaulting agency still has to do that. But it does mean that the agency does not need to come up with a lot of money. Pro Surety Bond has over 25 years of combined industry experience, so call us even if you doubt you can be bonded because of poor credit history. Call 800-314-7003!
If you are bidding on public projects for the City of Maple Heights 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.
5353 Lee Road, Maple Heights, Ohio 44137
Maple Heights is a city in Cuyahoga county and it is the 67th most populous city in the State of Ohio. The first hearty settler here was one Benjamin Fitch, but it was another settler, John Dunham, who built the road, named after him, that led to the Ohio and Erie Canal, making Maple Heights accessible to the outside world. This of course led to a boom in population and growth that put the city on the map. When intercity rail from Cleveland passed through that was another boon. Finally the post-World War II era saw Maple Heights become residential community and suburb of Cleveland, though it is more properly thought of as a satellite city.
The Maple Heights Economic Development council was created to is to preserve businesses and jobs currently in the city, in order to help them expand facilities and draw new clients. The Economic Development Council constitutes the “nerve center” of business information for federal, state and county programs that aid enterprise in the community. The department also produces data about finance, exporting, employee training and tax incentive programs as the need arises. Assistance is furnished throughout the entire process to businesses taking part in these government programs. Call the Maple Heights Surety Bond Pros Today at 800-314-7003!
What is the difference between a surety bond and a line of credit? Well, a surety bond is a line of credit. When you buy a surety bond, the surety offers to loan you the money short term to settle a valid claim made by the party that asked for the bond. Perhaps the main difference between a line of credit and a surety bond lies in how you are approved for them. To get a surety bond you submit financials to the underwriter. And since underwriters know that those with sound financials rarely default on agreements, it’s not terribly risky for them to offer you short term credit in case of a valid claim. You therefore, don’t have to put up any of your own money and your credit rating stays the same. With a line of credit, your credit rating takes a hit because lines of credit need collateral.
What exactly does the surety company do for me? The surety company backs your work that you will live up to an agreement in which default on your part is an issue. It saves you the trouble of having to come up with your own assets to put up as collateral, and in this respect it also protects your credit because putting up assets affects credit you would otherwise use to run your business. Surety companies also act as a sort of advocate for the bond purchaser when a claim is made. They do not represent you legally, but it’s good to know that the surety doesn’t want to pay any invalid claim any more than you do. Give us a call at 800-314-7003
33 South Park Street Bedford, Ohio 44146Phone: 440-232-0115
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.
|Maple Heights Labor Bond||Maple Heights Process Server Bond|
|Maple Heights Insurance Broker Bond||Maple Heights Home Health Care Bond|
|Maple Heights Collection Agency Bond||Maple Heights Supersedeas Bond|
|Maple Heights Warranty Bond||Maple Heights Freight Broker Bond - BMC-84|
|Maple Heights Bid Bond||Maple Heights Telemarketer Bond|
|Maple Heights Race & Sports Book Bond||Maple Heights Subdivision Bond|
|Maple Heights Auto Dealer Bond||Maple Heights Health Club Bond|
|Maple Heights Public Official Bond||Maple Heights Used Car Dealer Bond|
|Maple Heights Employee Theft Bond||Maple Heights Appraisal Company Bond|
|Maple Heights Mortgage Lender Bond||Maple Heights Appeal Bond|
|Maple Heights Guardianship Bond||Maple Heights Promoter Bond|
|Maple Heights Release of Lien Bond||Maple Heights Supply Bond|
|Maple Heights Auctioneer Bond||Maple Heights Janitorial Service Bond|
|Maple Heights Pharmacy Wholesaler Bond||Maple Heights Cost Bond|
|Maple Heights Business Service Bond||Maple Heights Lottery Bond|
|Maple Heights Executor Bond||Maple Heights Credit Services Organization Bond|
|Maple Heights Replevin Bond||Maple Heights Performance Bond|
|Maple Heights Emissions Station Bond||Maple Heights Credit Repair Bonds|
|Maple Heights Lost Instrument Bond||Maple Heights Sales Tax Bond|
|Maple Heights Notary Bond||Maple Heights Lost Title Bond|
|Maple Heights DMEPOS (Medicare) Bond||Maple Heights Utility Bond|
|Maple Heights Talent Agency Bond||Maple Heights Mortgage Broker Bond|
|Maple Heights Third Party Administrator Bond||Maple Heights Pawnbroker Bond|
|Maple Heights Fidelity Bond||Maple Heights Injunction Bond|
|Maple Heights Material Bond||Maple Heights Non Resident Cost Bond|
|Maple Heights ERISA Bond||Maple Heights Wage and Welfare Bond|
|Maple Heights Honesty Bond||Maple Heights Title Agency Bond|
|Maple Heights Lost Deed Bond||Maple Heights Travel Agency Bond|
|Maple Heights Contractor’s License Bond||Maple Heights Sheriffs Indemnity Bond|
|Maple Heights Off Site Improvement Bond||Maple Heights Garage Bond|
|Maple Heights Medicaid Provider Bond||Maple Heights Payment Bond|
|Maple Heights DMV Driving School Bond|