This helps the surety understand the assets an owner may have outside the company. We understand some owners don’t keep many assets in their company. For those reasons highlighting those assets on a personal financial statement is very important.
When is it needed
- For any bond program outside outside the Fast Track options.
- When you are looking to for a larger bond program or better bond rate.
- For SBA Bonds
Things To Consider
- If you are making good money and you don’t have strong company and personal financials, it won’t add up!
- Please list all your personal assets, specifically the liquid cash options. This directly impacts the bond approval.