Pro Surety Bond is your premier surety bond provider. 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 immediately for assistance from our bond counselors. Our agents are here to take your questions.Call the Owosso Surety Bond Pros at 800-314-7003 !
Call 800-314-7003! What is a surety bond? A surety bond financially induces someone to fulfill a commitment. If someone made a commitment to you, wouldn't you feel better if they were able to financially back up their work? This is the way surety bonds work in a way. If you are in the electric supply business, for instance, there are certain practices that the government requires by regulation, and if you don't obey these standards you can incur a fine. To be licensed however, the government requires that you take out a surety bond to both give them a way of collecting fines, but also to just sort of keep you encouraged to do business on the up-and-up. From a business point of view the surety bond is like a security Plaza, but it's also like a short-term loan because sure these are not actually insurance, they and therefore they do not take responsibility for the clinic, just the responsibility of making sure the government get this money. Pro Surety Bond has over 25 years of joint industry experience. Call us even if you're anxious about applying for a surety bond because you don't think that you'll be able to get one because of your poor credit.Call 800-314-7003!
If you are bidding on public projects for the City of Owosso 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.
301 W. Main Street Owosso, MI 48867
Owosso is a city and Shiawassee County and it is the 114th most populous community in the State of Michigan. The city was named after chief Wasso, the Ojibwa tribe leader in the Shiawassee area. The city was first settled by two brothers, Alfred L and Benjamin O Williams who also drew a man named Elias Comstock. It was Comstock who built the first permanent home in the settlement. Owasso was incorporated directly as a city in 1859 when it had 1,000 people. It was never a village. Today Owosso is known for its frigid winters and April snowfalls.
The city of Owosso and Shiawassee County Michigan have joined forces in an economic developed partnership that the hope will draw the investors’ attention to the benefits of doing business in Owossa. Both Owosso and Shiawassee County are ideally located along Interstate 69 about halfway between Lansing and Flint. I-69 also connect with Canada and Chicago markets and beyond. The partnership is looking for investments in manufacturing, particularly tier 2 and tier 3 automotive manufacturing, pollution control and agribusiness. Owosso offers a low cost of doing business, thanks to the city’s business positive policies. Call the Owosso Surety Bond Pros Today at 800-314-7003
What type of assets will the surety accept except when evaluating a company applying for a contract bond? That's a tough question because different sureties accept different things. In general, they like tangible assets with cash being king, but they also accept certificates of deposit, irrevocable letters of credit and similar case equivalents. Occasionally they accept stocks and bonds. Things unacceptable as assets would be a residence, foreign securities, future investments in real property, etc. The rule of thumb is the more speculative the asset, the less desirable.
What sorts of things do surety underwriters look for when someone applies for a contract bond? One very important thing is how many assets a company has, because those assets tell how strong the company is. They want to know how much working capital the contractor has, they want to know what the contractors net worth is, how much work they have currently uncompleted, the cash flow, accounts receivable, and money not collected. They also look at the contractor’s credit history, how well they get along with other subcontractors and suppliers, and general back account information. Over all they want to see all the assets company has, because if a claim is paid it will be in the form of a short-term loan was that contractor will have to pay back. Give us a call at 800-314-7003.
215 N Water St, Owosso, MI 48867Phone: (989) 723-5149
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.
|Owosso Public Official Bond||Owosso Process Server Bond|
|Owosso Wage and Welfare Bond||Owosso Medicaid Provider Bond|
|Owosso Supply Bond||Owosso Non Resident Cost Bond|
|Owosso Off Site Improvement Bond||Owosso Executor Bond|
|Owosso Cost Bond||Owosso Lottery Bond|
|Owosso Supersedeas Bond||Owosso Contractor’s License Bond|
|Owosso Lost Deed Bond||Owosso Talent Agency Bond|
|Owosso Mortgage Lender Bond||Owosso Employee Theft Bond|
|Owosso Honesty Bond||Owosso Material Bond|
|Owosso Freight Broker Bond - BMC-84||Owosso Emissions Station Bond|
|Owosso Injunction Bond||Owosso Subdivision Bond|
|Owosso Insurance Broker Bond||Owosso Business Service Bond|
|Owosso Lost Title Bond||Owosso ERISA Bond|
|Owosso Sheriffs Indemnity Bond||Owosso Home Health Care Bond|
|Owosso Telemarketer Bond||Owosso Auctioneer Bond|
|Owosso Appraisal Company Bond||Owosso Credit Repair Bonds|
|Owosso Garage Bond||Owosso Guardianship Bond|
|Owosso Collection Agency Bond||Owosso DMV Driving School Bond|
|Owosso Lost Instrument Bond||Owosso Pharmacy Wholesaler Bond|
|Owosso Promoter Bond||Owosso Travel Agency Bond|
|Owosso Pawnbroker Bond||Owosso Auto Dealer Bond|
|Owosso Release of Lien Bond||Owosso Used Car Dealer Bond|
|Owosso Bid Bond||Owosso DMEPOS (Medicare) Bond|
|Owosso Utility Bond||Owosso Replevin Bond|
|Owosso Credit Services Organization Bond||Owosso Notary Bond|
|Owosso Sales Tax Bond||Owosso Payment Bond|
|Owosso Fidelity Bond||Owosso Appeal Bond|
|Owosso Labor Bond||Owosso Warranty Bond|
|Owosso Title Agency Bond||Owosso Race & Sports Book Bond|
|Owosso Mortgage Broker Bond||Owosso Performance Bond|
|Owosso Health Club Bond||Owosso Third Party Administrator Bond|
|Owosso Janitorial Service Bond|