McMinnville, OR Surety Bonds

Speak to one of our agents at Pro Surety Bond before buying a 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. Some of the most affordable premiums are available by calling 800-314-7003. You will be surprised to discover how great our prices are on our McMinnville, Oregon Surety bonds Call the McMinnville Surety Bond Pros at 800-314-7003!

For Some Of The Best Customer Service On Your McMinnville Surety Bond Call Pro Surety Bond

Call 800-314-7003! What are surety bonds? A surety bond is a three way agreement between three parties. The first is the obligee, who is someone who needs protection or a guarantee out of another party. The “other” party is called the principal, and the third party is the surety company. Let’s say you a life settlement provider. Since you are handling people’s money and dealing with private financial data, you can expect that there will be regulations to govern the way you do business. Regulators, the obligee in this case, need some sort of guarantee that you will operate your business in good faith, and really need something financial from you. The surety bond was made for exactly this sort of thing. Break a regulation, and be fined or have a claim made against the bond. Pro Surety Bond has been in the surety business with over 25 years of combined experience, so call us today for a free quote, even if your credit isn’t great. We have a program for almost everyone. Call 800-314-7003!

Bidding Opportunities in McMinnville

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

Click Here for Bidding Opportunities for the City of McMinnville

McMinnville Finance Department

Finance Department
City Hall
230 NE Second Street
McMinnville, OR 97128
Phone: 503-434-7301
Map to Finance Department

In McMinnville, Oregon Size Matters

McMinnville, population 32000, is a city in the State of Oregon. The city takes its name from an early settler, or rather from where he came from, being McMinnville, Tennessee. This same settler, William Newby, built a grist mill and platted out the town in 1844. By 1855 it was incorporated as a city. The city now has a lovely downtown restored business district that is reminiscent of the earlier days. Today McMinnville is near the center of the Willamette Valley American Viticulture Area, a part of the state dedicated to wine grape production. The area contains 14 wineries on more than 500 acres in Willamette Valley.

McMinnville officials like to promote the city and its small size as an asset to growing a business. The say the smallness engenders easier business connections and allows small business owners to find the information they need, but that it has an infrastructure that can scale well for expansion. The community supports business and industry unquestionably, and it makes entrepreneurs feel like that want you to succeed. The McMinnville Economic Development Partnership is always at work, making sure that the businesses that are here, stay here; and that the city be ready for new ones. Call the McMinnville Surety Bond Pros Today at 800-314-7003!

What is the difference between surety bonds and regular insurance? It should be stated that surety bonds are a type of insurance, despite their name, and that they are both regulated by the Oregon state insurance commissioner. Both insurance and surety bonds deal with how risk is handled, but they differ in focus. Insurance premiums are based on the expectation that there will be a certain amount of payouts, and rates are calculated accordingly. Surety bond applicants, on the other hand, are vetted before the bond is issued to see how risk worthy a business entity is. Surety bonds premiums are priced according to how much investigation goes into the examination of the company’s stability, as well as, in the event of a payout, how much it will take to recoup their payment on the claim from you.

We Think Our McMinnville, Oregon Surety Bond Clients Deserve Only The Best

What sorts of things do surety companies look for when going over an applicant’s submission? One important thing is the company’s net worth, especially with respect to construction bonds. They will want to know about cash flow, accounts receivable, any projects that are currently open, and the history of claims made against the company. The surety here needs to know what capital assets the company has and use this information for determining the financial risk worthiness of the company. These assets can be used to indemnify the surety in the event a claim is made against the bond. 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.