What Are Surety Bonds?

A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee). There are two broad categories of surety bonds: (1) contract…

Read More

How the SBA Surety Bond Program Works

The SBA guarantees surety bonds Surety bonds help small businesses win contracts by providing the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies. The SBA guarantees surety bonds for certain surety companies, which allows the companies¬†to offer surety bonds…

Read More

What is a Lost Title Bond?

A Lost Title Bond is used by the DMV when you are trying to register or sell a vehicle, trailer, or any roadworthy vehicle when the title is lost or the ownership information on a vehicle does not match the party claiming ownership. When do you need a Lost Title Bond? How much will a…

Read More