Laredo, TX Surety Bonds

As soon as you realize you need a surety bond, 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. Call 800-314-7003 now for quick delivery on your surety bond. We think you deserve the best. Call the Laredo Surety Bond Pros at 800-314-7003!

Discover The Most Reasonably Priced Laredo Surety Bond Rates Today

Call 800-314-7003! What is a surety bond? A surety bond is a three way agreement between you the bond purchaser, the surety company you bought the bond from, and the bond requester, typically a governmental licensing body that wants protection. What kind of protection? Well, your industry probably has regulations of some kind and regulators would like some kind of assurance that you will follow them, so they require you to take out a bond to cover them in case of default on the agreement. In turn, the surety company makes sure that the guarantee is fulfilled, in the form of temporary credit forwarded for you by the surety. Pro Surety Bond has over 25 years of combined industry experience, and we’re here to work for you. Even if your credit isn’t great, call us. We have a program for almost everyone. Call 800-314-7003!

Bidding Opportunities in Laredo

If you are bidding on public projects for the City of Laredo 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.

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Laredo Finance Department

1110 Houston St
Laredo, Texas 78040
Phone: (956) 791-7426
Map to Finance Department

Gateway To The American West

Laredo, Texas was first settled in 1748 by one Spanish Colonel Jose de Escandon, who was organizing an expedition to Quertaro, and one or two of his associates. Shortly thereafter other European peoples began arriving in the New World and challenging Spain’s position in that part of the continent. Of course the Spaniards would be pushed out and Texas would be its own republic for a while, but Laredo over time would become an American city. Today Laredo reflects the diversity of the rest of the country, and it serves as the gateway to the American West.

The Laredo Development Foundation is the business authority for economic and industrial development in the Port of Laredo. There are many reasons a business might want to move to Laredo. The city is a major trade and freight corridor, with access from the entirety of North America. Laredo’s infrastructure is big and growing, with the World Trade Bridge facilitating cross border commercial traffic and increased capacity planned. Laredo’s economy is vibrant and alive with seven Foreign Trade zones and more than 40 million square feet of logistical space. Call the Laredo Surety Bond Pros Today at 800-314-7003!

How are surety bonds used? There is one interesting category of surety bond and that is Public Official bonds. A public official bond protects the public by providing a guarantee that the public official will abide by the laws of the state in his capacity as public official. If the official does not do so, they can be held accountable and the bond reinforces that fact. The precise conditions that trigger a default can differ from state to state, but you will find these types of bonds purchased by the governor all the way down to notary publics.

Pro Surety Bond Has Laredo Surety Bonds Available

How much do surety bonds cost? This is impossible to say here because of the many applications of surety bonds as well as many other individual factors. Nevertheless, we can say that surety bonds rates are calculated according to a percentage of coverage. Typically this percentage is between 1% and 4%, which means a $10,000 bond at 2% will cost you $200. If your credit is good, you can expect rates like this, but if your credit is not so good, percentages can be higher. Some companies cannot come up with the funds for their bonding and for that reason the Small Business Administration has programs that will assist you by guaranteeing a large percentage of the coverage needed. Give us a call at 800-314-7003

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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.