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Surety Bonds In Louisiana

Surety bond - Louisiana state capital building Baton Rouge, LA

The team at Viking Bond Service is here to help with all of your Louisiana surety bond needs. We have over 15 years of experience helping businesses get the bond they need to comply with legal requirements and keep their business moving forward. We’ve developed a quick and efficient bond application process that ensures you get the surety bond you need when you need it. We understand that getting the correct bond is essential to running a successful business, call, email, or use our online application form to request a quote today.

How To Get A Surety Bond In Louisiana

Viking Bond Service makes it easy to find an affordable surety bond in Louisiana. If you’re looking for a commercial bond you’ll be able to apply in one of three ways: via email, over the phone, or by using our online application form. For contract performance bonds, our licensed agents will take you through each step of the process on the phone. You’ll need to complete an application form and in some cases submit additional documentation to start the bonding process. Common supporting documentation includes evidence of your credit history, your business history, and business financials. To complete the bonding process you’ll need to pay your bond premium, once paid the surety will issue the bond.

The Cost Of Surety Bonds In Louisiana

Surety bond premiums are influenced by all of the information submitted with your application as well as the bond type applied for. The surety will use data about the bond amount and bond type as two of the main factors to calculate your bond’s cost. Many applicants are also surprised to learn that their credit history and business experience also play a key role in premium calculations. This is because the surety needs to determine how risky it is to issue a bond to your business. If you have strong credit and many years of business experience your risk factor is considered lower and your premium will be lower as well. If however your credit history is poor and you have little experience your premium will be higher. Viking Bond Service is able to help client with good or bad credit secure a surety bond.

Common Surety Bonds In Louisiana

There are many types of surety bonds in Louisiana, but they generally fall into two main categories. These categories are commercial bonds and contract bonds. The team at Viking Bond Service provides all surety bonds available in Louisiana.

Commercial bonds are more commonly referred to as license and permit bonds as they are required as part of business license applications in the state. Mortgage brokers, auto dealers, and shops setting up public utilities are some of the businesses that commonly need commercial bonds in Louisiana.

The construction industry is one of the main areas where contract bonds are used in Louisiana. They are a simple way of providing parties involved in a construction contract with financial backup. In the event that contract terms that define the payment, supply of goods, or provision of services are not met the wronged party can claim against the bond. Contract bonds encompass bid bonds, payment bonds, performance bonds, and maintenance bonds.

Louisiana Surety Bonds By Viking Bond Service

For a fast and efficient way to get the surety bond you need, contact the team of licensed bond agents at Viking Bond Service today. You can start the quick and easy application process by calling, emailing, or using our online application form!

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More About Surety Bonds:
Learn about Performance Bonds

A Performance Bond may be required to bid for, or accept a contracted job. Learn about Performance Bonds here.

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ICC/FMCSA Freight Broker Surety Bonds nationwide, Fast Free Quotes.

Viking writes BMC-84 FMCSA Freight Broker Bonds nationwide. We keep the bonding process simple. Fast quotes. Good and bad credit accepted.

Quotes available with bad credit

You may still be able to get approved despite challenged credit.

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