Our bond representatives at Pro Surety Bond are trained to turn up some of the best premiums the industry has to offer. 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. If you want to learn more about surety bonds, call 800-314-7003. Let us show you the ropes of buying bonds. Call the Lynnwood Surety Bond Pros at 800-314-7003!
We Are Peerless In Lynnwood Surety Bonds
Call 800-314-7003! What are surety bonds? Put simply, surety bonds are a guarantee that one person will provide an obligation for another, but with a third party performing the guarantee if it is necessary. In the case surety bonds, one party needs protection from another party which must fulfill an obligation. For instance if you own a business that collects sales tax, the department of taxation will in almost all states want a surety bond to make sure that the deposits are made. You in turn will contact a surety company, purchase a bond, with the surety company covering the guarantee for you. Keep in mind that the surety bond protects the party that requests it, not the purchaser of the bond. Pro Surety Bond has over 25 years of combined experience in the bond industry and we are waiting to let us show how experienced we are. Call today for a fast and free quote, regardless of your current credit status. We have a program for almost everyone. Call 800-314-7003!
Bidding Opportunities in Lynnwood
If you are bidding on public projects for the City of Lynnwood 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.
Lynnwood, Washington is a city on the Puget Sound, about 16 miles north of Seattle in the County of Snohomish. Lynnwood got its start in 1889 when one William Morrice purchased 100 acres of land on the spot where Alderwood mall sets today. At the time it was considered a remote place, so the Puget Mill Company, the owners of the property on which Lynnwood sets began carving up the unproductive land it was paying property taxes on and created a demonstration chicken farm, to show potential buyers how to make money out of a five acre plot in the middle of nowhere. Today Lynnwood is an ideal gateway to the North Puget Sound, with rivers for water sports, copious mountain trails, and ample shopping at Alderwood, one of the major shopping centers in the region. It is considered part of the Greater Seattle metropolitan area.
Lynnwood is dedicated to the economic prosperity of its residents and city officials know that they need small businesses to thrive here to make that happen. The Office of Economic Development was created to act as a middleman and facilitate businesses through assistance in the licensing process, assistance in the permits and inspections process if you are applying for a building or sign permit, and assistance in site selection to help you get the bang for your buck. Other programs include the Lynnwood Development and Business Services which works with other city agencies to help businesses and developers be successful, and the Lynnwood business development resources office which provides information on agencies and associations related to local business development. Call the Lynnwood Surety Bond Pros Today at 800-314-7003!
What do I need to know or do when applying for a surety bond? As always this depends on how much bonding you need, they type of industry and the state you are in. You may have an instruction about needing to get bonding on a sheet of instructions, but were not told what kind to get. Ask the party requesting the bond what kind of bond you need exactly. Then determine where in the process you need the bond (again when you need to produce the proof of bonding will depend on what sort of bond you need). The more time the better. Then contact the bond producer and ask what you kind of information he needs from you. For simple notary bonds usually one a credit check is needed. With a license and permit bond a credit check will often be enough but some sureties may need more. With constructions bonds the background check can be lengthy as construction is fairly risky in comparison to other industries.
One Of The Top Names In Lynnwood Surety Bonds
What is surety bond underwriting? Surety bond underwriting is the process by which an underwriter determines a company’s ability to fulfill some agreement, perform an obligation or fulfil the terms of a contract. To come to a conclusion on the matter, the underwriter may look at the financial status of the applicant, including how much debt they have, their credit score, among other things. Some industries like the construction industry have more thorough underwriting verification processes, because there is more risk involved. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Lynnwood, 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.