Higher Limit Bond Programs Up to $3 Million

Credit-Only $3M Program

For contractors who have outgrown the $1M instant approval tier, we offer a higher-limit credit-only program that supports single and aggregate bond capacity up to $3 million. This program is built for established contractors with strong personal credit who don't want to (or don't yet need to) provide CPA-prepared financial statements.

Like our instant approval program, underwriting is based on the indemnitors' personal credit profiles — no business financial statements required. Bonds are typically approved within a few business days after a complete application is submitted.

Bond Types Covered

• Bid bonds — for public and private construction bids
• Performance bonds — guaranteeing project completion per contract specs
• Payment bonds — protecting subcontractors and suppliers
• Maintenance / warranty bonds — up to 24 months
• Supply-only bonds — for material supply contracts

Not eligible under this program: Subdivision bonds, site improvement bonds, completion bonds, asbestos abatement, and hazardous materials bonds. Looking for a subdivision or site improvement bond? Visit our subdivision bonds page.

Eligibility Requirements

The credit-only $3M program is built for contractors with established business operations and strong indemnitor credit. Below are the parameters we look for before submitting an application.

Business & Indemnitor Profile

• Years in business: 3 years or more under current ownership
• Owner credit score: 740 or higher
• Spouse credit score: 700 or higher
• Business credit (Paydex): 60 or higher with less than $20,000 in past dues
• No judgments, liens, or open lawsuits on the company, owners, or spouses
• No significant open collections or tax liens
• Never been denied bonding by another surety
• Never caused a surety a loss
• Personal bankruptcy: Must be discharged and no longer showing on personal credit
• Prior company bankruptcy: Automatic decline

Per-Project Parameters

• Program limits: Set at approximately 2× the largest contract you've completed under current ownership
• Job duration: 18 months or less
• Liquidated damages: $5,000 per day or less
• Warranty / maintenance period: 24 months or less
• Project location: Must be within your typical travel/work vicinity
• Scope of work: Must match your normal trade and project type

These parameters are the underwriting guide for the program. Specific applications may be approved on the strength of compensating factors, or declined for reasons outside this list. Final approval is at the discretion of the surety.

How to Apply

Unlike our instant approval program, the $3M credit-only program is submitted manually by our team. We collect the application, review your eligibility against program parameters, and submit on your behalf to the surety. Here's how it works:

1. Contact us using the form below or call 877-914-0909. Tell us you're interested in the higher-limit program and roughly how much bonding capacity you need.
2. Pre-qualification call — We'll discuss your business, project pipeline, credit profile, and confirm fit for the program.
3. Application submission — We'll send you the application form, collect indemnitor information (including authorization to pull credit), and submit to the surety.
4. Underwriting decision — Decisions typically come back within a few business days for complete submissions.
5. Bond issuance — Once approved, we set up your bonding line and issue bonds as your projects come up.

Ready to Apply?

Use the form below to start the conversation. Tell us a bit about your company and the bonding capacity you need, and we'll reach out to walk through next steps.