Pro Surety Bond can provide you with your bond in a short amount of 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. It’s ridiculously simple to call 800-314-7003. Our great rates and professional customer service will make your day. Call the Lynden Surety Bond Pros at 800-314-7003!
Lock Down That Lynden Surety Bond Quote Today
Call 800-314-7003! What is a surety bond? Surety bonds were created to fulfill a special niche, in which one party needs to guarantee an obligation to another. Take the example of an auto dealer. When you are licensed to be an auto dealer in Washington, you are promising to run your business in an honest and honorable way, but from the state regulator’s point of view they have no way of being sure they can trust you to do so. So they make a surety bond mandatory. You buy the bond from the surety producer and it is the producer who makes sure the guarantee is backed (though you the purchaser are still liable). Pro Surety Bond has over 25, years of combined industry experience, hunting down the best rates they can find for their clients, good credit or bad. Call 800-314-7003!
Bidding Opportunities in Lynden
If you are bidding on public projects for the City of Lynden 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.
Lynden is located in Whatcom County, in the NW corner of Washington state. Lynden got its start as a settlement for those heading west, with Holder and Phoebe Judson, the latter of who is called the “mother of Lynden”. It was Phoebe who came up with the name Lynden, taken from a poem by Thomas Campbell, with the spelling changed simply because it looked better to her. We won’t argue. Today Lynden is a city of proud residents and community activities like the Raspberry Festival. Well tended lawns are conspicuous in Lynden, as are churches and Dutch architecture, all of which probably make Lynden a great place to live.
One of the major goals of the residents of Lynden is that the city maintain its small town charm, a charm that stems from its relation to agriculture historically. Residents feel only a sense of community fostered by strong volunteerism, community activities and the preservation of agriculturally suitable land, with emphasis on the safety of the populace with educational programs part of the focus. Sustainability is the key word, with the expectation of housing that won’t cost a fortune and that address the various requirements. Call the Lynden Surety Bond Pros Today at 800-314-7003!
Why do surety bonds require three parties? We are all accustomed to two parties when we buy insurance: we the one who needs coverage, and the insurance company that does the covering. But what if you need to purchase coverage for someone else to be covered in case you do something or rather do not fulfill an obligation like observe the regulations that have authority over your industry? This is in essence what a surety bond does, but in the case of the surety bond, there are three parties: the party demanding the surety bond for coverage, you the purchaser who needs to supply the coverage, and the surety producer. The role of the surety producer is to guarantee to the party demanding the coverage that they will in fact be covered.
Find A Lynden Surety Bond Right Now
I have been using letters of credit for my surety needs. Should I change? It might make good sense, mostly because surety bonds are less expensive. That’s not the only reason though. With the changes in the banking industry, standards have been tightened and lenders are more leery about extending credit for surety purposes. That means that more collateral will be needed to get a letter of credit, and this can tie up your funds and lower your credit rating. Surety bonds have the advantage as not appearing as a liability on your company’s ledger sheet, unlike letters of credit. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Lynden, WA
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.