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How to apply for a License & Permit Bond?

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Oct 30, 2019 11:45 am

How to apply for a License & Permit Bond?

Oct 30, 2019 11:49 am

Hello Nicholas,

These are a few simple steps that you need to follow:

Find out the type of bond required: The type of bond you apply for will depend on the industry you are operating in. So, you must first determine the type of bond required for your specific business. Websites like have relevant information regarding this.
Find a surety to issue your bond: The government is the obligee and your business is the principal. To secure the bond, you will need to find a reputable surety company. Most surety companies have online forms where you can apply for the bond. Once you complete your application, an agent will typically contact you.
Prepare your documents: The bond application will usually list the documents needed. Keep these ready, especially all information regarding ownership and your credit score. These factors will determine the cost of the bond. Once you make the payment, the bond will be posted to you directly.