Goldleaf’s Short Cut Bond Program just got even stronger!
We now can support bid bonds and payment and performance bonds for qualifying projects up to $3,000,000 through our streamlined, credit-based underwriting program —helping contractors move faster and pursue bigger opportunities.
To qualify for support at higher levels within our Short Cut Bond Program, underwriters will focus on several critical factors, which will include but are not limited to:
• Personal Credit Strength – The personal credit scores of all owners and spouses, if applicable, play a central role. Strong credit is essential when approaching the $3,000,000 threshold.
• Business Experience – Companies should demonstrate a proven track record, typically with at least three years in business when looking at these increased limits.
• Project History – A contractor’s experience should reflect success on projects of meaningful size. As a general guideline, the surety will want to see completion of a project at least 50% of the size of the bond being requested.
Even larger projects? With additional info, such as business financials and personal financial statements, we can explore opportunities up to $5,000,000.
In order to get started with the application process for our Short Cut Bond Program, you can access the application here. If you have any questions or want to talk through the application process, please reach out to our New Business Intake Manager, Kendyl Meseck.
Let’s help you or your clients bond with confidence.
