Pharr, TX Surety Bonds

Reach out to the professional surety bond staff at 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 for one of the best customer service experiences in the surety bond industry. Our bond counselors would love to answer your questions! Call the Pharr Surety Bond Pros at 800-314-7003!

Your Pharr Surety Bond Provider!

Call 800-314-7003! What is a surety bond? Having a guarantee for something you buy is a great source of relief, but what about things or services that aren’t tangible or “redoable?” Take for instance the case of a governmental licensing body that has regulations that govern a particular industry. When you are licensed in that industry, you are promising to adhere to those regulations, but the government would like a guarantee, just like the one that comes with consumer goods, so they make you take out a surety bond. You purchase the surety bond from a surety company, and then the surety company is the party that offers the guarantee on your part; and if there is a claim the surety will loan you the money short term to cover the guarantee. Pro Surety Bond has over 25 years of combined industry experience, tracking down the best rates is can find, even for those whose credit isn’t great. Call 800-314-7003!

Bidding Opportunities in Pharr

If you are bidding on public projects for the City of Pharr 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 Pharr

118 S. Cage Blvd.

Pharr, TX 78577

Phone: 78577
Map to Finance Department

An Honorable Citizenry For An Honorable City

Pharr is a city in Hidalgo County, and is the 46th most populous city in the state of Texas. Pharr got its name from one Henry Newton Pharr, a sugar planter and president of the Rio Grande Sugar Company, the latter or which owned 8000 acres of land where the city now stands. These days Pharr is a little difficult to describe. Beginning around 2000 the city has experienced a dramatic spike in population, from about 45,000 to about 75,000 now, and it was declared the All American City in 2006.

Pharr values the hard work of the small business owner, particularly those with fewer than 50 workers, and for that reason has created a revolving loan program which is specifically designated to help small businesses expand in order to create more and newer jobs and save current jobs. Applicants must own a business in which the shareholders must be at least 51% American citizens or have permanent residence, they must be authorized to take on debt and they must demonstrate that they cannot obtain loans through conventions means at reasonable interest rates.  Call the Pharr Surety Bond Pros Today at 800-314-7003!

I’m am a contractor having problems paying for my bonding. Are there any assistance programs out there? The small business administration realizes that it’s not everyone’s fault that they cannot get bonding. It’s not uncommon for a business to go for years with adequate bonding and one day be notified that their bonding has been cut, or the premiums have gone up to the extent that they can no longer afford it. This can happen for a number of reasons. Often, it is true, that the contractor’s financials are revealing fault lines, which makes sureties nervous. But sometimes shifts in the economy can make bonding more expensive; at other times the state of the building industry can have an effect.

Pharr Surety Bonds at Rock Bottom Rates

Fortunately, the Small Business Administration has programs that are made exactly for people situations like this; there are a few requirements though. Firstly, your business must be classified as a small business according to the NAICS, the North American Industry Classification System; you must otherwise also be unable to get a surety bond, ie, without a loan. The size of the contract in question must not exceed $6.5 million or $10 million is SBA backing is necessary. Your company must also otherwise meet basic requirements related to the health of the company. 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.