Call Pro Surety Bond now for a fast and free quote. 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. There's simply no reason to not pick up the phone and just call 800-314-7003. We have knowledgeable representatives who can inform you on a wise bond choice.Call the Wichita Falls Surety Bond Pros at 800-314-7003!
Wichita Falls Surety Bonds Have Never Been So Affordably Priced
Call 800-314-7003! How do surety bonds work? The first question is why do you need one? You need a surety bond to convey trust to another party that is trusting you with some obligation. If you need a license and permit bond, for instance, the licensing body in your state wants you to promise that you will uphold the regulations of your industry, and they want you to back up that promise financially with a surety bond. The government wants you to buy the bond form a bond producer, and the bond producer promises to make a short term loan for you to cover the government in the unlikely event of a default. Pro Surety Bond has over 25 years of combined industry experience, getting down to the nitty gritty and turning over the best rates it can find, even for poor credit applicants. Call 800-314-7003!
Bidding Opportunities in Wichita Falls
If you are bidding on public projects for the City of Wichita Falls 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.
Wichita Falls is a city in Wichita County in the state of Texas. It is the 35th largest city in that state. Wichita Falls started out as cattle country in the 1860s, and the city was incorporated in 1872 when lots were sold to the public. Over the years it has been a center of food processing like flour milling, railroads, cattle, banking and oil. Today Wichita Falls is a gem in the crown of Texas historical importance, with numerous buildings on the National Register and the Texas state version of the National Register, the Texas Recorded and City Landmarks.
The Wichita Falls Economic Development team is geared to help any individual or company make the right decision to move to Wichita Falls, and can provide assistance in facility location, incentive packages, technical training for potential employees, and can create a general atmosphere of a business friendly community that wants businesses to thrive here. Top employers in Wichita Falls include the Sheppard Air Force Base with an astounding 12,000 employees, followed by the Wichita Falls Independent School District with about 2100 employees and the North Texas State Hospital with nearly 2000 employees. Call the Wichita Falls Surety Bond Pros Today at 800-314-7003!
Will I need to put up collateral for my construction bonds? Collateral is not always necessary when applying for a construction bond, but if your bonding capacity has been downgraded recently, or you would like to bring your bonding costs down, collateral can usually be used to secure the bond. In extreme cases collateral will be necessary. The best forms of collateral are letters of credit or cash, though occasionally the administration of a company’s funds by an objective third party can be used.
Getting A Fast Quote For Your Wichita Falls Surety Bond
Where did surety bonds get their start? You might find it interesting to know that surety is a type of financial transaction that goes back to the Biblical period, where it is mentioned in the Book of Genesis and Proverbs. The oldest specifically recorded example of a surety goes back to the Sumerian period, in this case a performance bond guaranteeing the safe remanding of a wealthy man’s daughter by a trader/caravan leader--and at great risk him for the father--to a man to who she is betrothed, who lives far away. Surety bonds as we recognize them date back to England and the late 17th century, where they were used for household domestics who might steal, in other words, an employee theft bond! Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Wichita Falls, TX
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.