Bonding Capacity and Financial Statements

Financial StatementGoldleaf Surety Services has always stressed to its clients the importance of year-end financial considerations.  Beyond a history of consistent profitability and positive cash flows, surety companies focus a lot of their attention on equity and working capital to determine what level of surety support they are willing to extend.  That is why Goldleaf Surety Services stresses to all of our clients the importance of a regular financial statement review as an important issue in maintaining or expanding your company’s bonding capacity.

Marc Newman, Associate Managing Partner, Anchin, Block & Anchin published an article entitled “Know Your Financial Pulse, It Could Save Your Company’s Life” in the August 6, 2015 Real Estate Weekly (REW Online).  Mr. Newman’s article is a great overview of many of the same issues Goldleaf Surety Services’ underwriters discuss with our clients regarding financial statements and benchmarking.  If you would like to read the article, you can find it at http://rew-online.com/2015/08/06/know-your-financial-pulse-it-could-save-your-companys-life/#.