Net Worth Bond Program
This program can support bond requests up to $2.5 million on a single project to as high as $5 million on an aggregate basis(multiple projects). It takes into consideration the fact that although the contractor may not have CPA prepared financial statements, doesn't mean they are not sophisticated as a business owner. Recognizing the fact that accumulating significant personal net worth can be easily be an indication of sophistication, the Total Net Worth Program can fulfill the demands of modern contractors whether they have occasional or recurring bonding needs.With less documentation required upfront, save time by doing less paperwork while also being approved faster.
What type of contractor would fit best in this new program?
• General Construction
• Low Voltage
• Steel Erection
How to qualify for the net worth bond program?
1. Complete the streamlined Total Net Worth Questionnaire.
2. Provide a personal financial statement.
3. Provide two years of personal and business tax returns.
Request the net worth bond kit below and a surety specialist will be in touch to guide you through the process
NIELSON HOOVER AND COMPANY
220 CONGRESS PARK DRIVE, SUITE 100 DELRAY BEACH, FLORIDA 334455