STANDARD BONDING FOR CONTRACTORS
We pride ourselves on helping our clients obtain the best surety bond solutions the industry has to offer. We know that the better the underwriters know you and your business, the better your bond relationship will be both in terms of your normal program as well as unusual bond requests.
NHC is one of the largest bond-only agencies in the USA. We have over 80 surety partners. Last year we provided over $7,000,000,000 in bonds. We are also one of the largest providers of bonds for the Small Business Administration bond guarantee program. From clients with their first bond need to clients with billion-dollar bond programs, we have the market and relationship to get it done.
Complete Submission Package
The following is a list of information and forms necessary to set up a bond line. (No cost involved) We can start the process with as little as your most recent fiscal year-end financial statement. The information requested in the bond kit helps the underwriters better understand you and your business as well as allows us to create solutions to your specific needs.
Personal Financial statement for all owners
Work in Progress
Tax Returns - Most recent corporate and personal
Provide a copy of the company's fiscal year-end statements for the last 3 years if available, CPA preferred but internal is acceptable
If more than 6 months past year-end provide most recently reconciled month-end reports. Internal Reports will include
Profit and Loss
Account receivable reports
Accounts payable reports
Resumes of owners and Key Personnel
Letters of recommendation from suppliers and projects
If you do not have any of the above items, please let us know and we can discuss them.