Taylor, TX Surety Bonds

You’ll be making a great decision when you 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. Just go to the phone and call 800-314-7003 for among the best surety bond rates we can find. It will be clear why our clients come to us year after year. Call the Taylor Surety Bond Pros at 800-314-7003!

Keeping Taylor Surety Bond Simple: Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond shores up you professional reputation with a guarantee backed by a third party, in cases where you need to back up a commitment. If someone needs a business license, for instance, the government wants them to vow that they will maintain the regulations of their industry, but sometimes it helps to motivate merchants to do this by requiring that they guarantee to do so with a surety bond. The dilemma for the government is that no matter how great your professional reputation is, it’s not really good enough to guarantee your commitment on its own. The surety bond on the other hand is backed by the surety company’s financial reputation, and it’s the surety company that makes sure that if a claim is made, that the surety will loan the business the money to cover the claim in the short term. Pro Surety Bond has over 25 years of combined industry experience, and when you have that much there’s not much you can’t do. Call even if your credit isn’t great. We have a program for a wide variety of credit needs. Call 800-314-7003!

Bidding Opportunities in Taylor

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

400 Porter Street

Taylor, TX 76574

Phone: 512-352-3675

Map to Finance Department

The Zest Of Texas

Taylor is a city in Williamson County, and it is the 163rd most populous city in the stat of Texas. Taylor got its start when the Texas Land Company, speculating on the land through which the International Great Northers Railroad was expected to pass, auctioned off lots to the general public. The city was named after Edward Moses Taylor, a railroad executive, though the original name was Taylorville. It would soon be settled by Moravians, Bohemians, Germans and Austrians, all of whom would turn the sleepy little town into a shipping point for cattle, grain and cotton. The town burned down once in 1878 but the plucky central Europeans rebuild in brick this time. Today Taylor is a vital part of the Austin metropolitan area.

The City of Taylor, in cooperation with the Taylor Economic Development Corporation and the Taylor Chamber of Commerce has steadily been expanding the tax base by enticing about 20 companies to relocate or expand in Taylor, amounting to about 300 new jobs and $40 million in investments. It has done this through capital improvements in facilities and infrastructure including education, water, wastewater handling, and parks and recreation. It recently started a street redevelopment project to the tune of $16 million in cooperation with Williamson County.  Call the Taylor Surety Bond Pros Today at 800-314-7003!

What is the difference between a surety bond and an irrevocable line of credit? Irrevocable letters of credit are, like surety bonds, a way of guaranteeing performance on a construction project, but the former are handled differently. When a claim is made against a bond, the surety investigates the matter and if the claim is judges to be valid, the claim is paid as a loan to the bond purchaser (principal). In the case of the bank issued ILOC, when a claim is made, the bank will freeze the liquid assets and will not release it until it releases the line of credit. In the meantime, the party that made the claim (the obligee) can access the principal’s funds. If liquidity is important to you, the ILOC is not your best choice.

A More Reliable Taylor Surety Bond Specialist.

What are the cost differences between the surety bond and the Irrevocable line if credit? The cost of the surety bond will, frankly, likely be more expensive, but it’s important to factor in all the variables. An ILOC may be, say, 1% of the amount of coverage, with the surety bond being as much a several points. But remember that when a claim is made against the ILOC, the entire amount is frozen. Surety bonds are exceptionally good for companies with great financial reputations and are unlikely to default. With the surety bond the surety takes on the entire risk of the amount, which means that the money that would be locked up in an ILOC can be used for capital investments, or just to keep your credit lines open. 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.