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Surety Bonds In North Carolina

Viking Bond Service has been helping North Carolina businesses find affordable surety bonds for over 15 years. At Viking we understand that starting and staying in business may depend on getting the correct bond when you need it. That’s why we’ve created a fast application process that lets you get a NC surety bond quote within 24 hours. Our team of licensed surety bond agents can help you secure the commercial or contract surety bond you need for your North Carolina business.

How To Get A Surety Bond In North Carolina

The key to getting a competitively priced surety bond in North Carolina is to work with an experienced bonding company. Viking Bond Service makes applying for all types of NC surety bonds quick and easy. You can apply for all commercial bonds in one of three ways: on the phone, online, or via email. For contract bonds our agents will guide you through the application process on the phone. To request a quote, an application, credit check, and in some cases additional supporting documentation is all that is needed. Supporting documentation when necessary may include your business financials, and business resume. Once your application is completed and the premium paid your bond will be issued by the surety bond provider.

The Cost Of Surety Bonds In North Carolina

There are many factors that are used to determine your NC surety bond price. The information in your application package will allow the underwriters to accurately provide a quote. Two of the main things that will affect the price are the bond type and bond amount. Many people are surprised to learn that their personal credit score and business experience will also impact the bond pricing. This is because surety bond prices are calculated using the risk your bond poses to the surety. Clients with poor credit or limited experience may be seen as a higher risk than clients with a strong credit history and lots of experience. This means that clients with lower credit scores may pay a higher price for their bond. Viking Bond Service works with all applicants, whatever their credit score, to help them secure the right bond with the best terms.

Common Surety Bonds In North Carolina

Surety bonds in North Carolina fall into two main categories, contract bonds and commercial bonds. Viking Bond Service has experience working with all types of bonds in the state.

Commercial bonds are license and permit bonds that are often required as part of the licensing process for businesses that operate in North Carolina. Common commercial surety bonds in NC include contractor license bonds, mortgage broker bonds, and auto dealer bonds.

Contract bonds are commonly used in the North Carolina construction industry. They provide financial backup for contracts used to secure construction projects. If the contracted party fails to provide the goods, services, as outlined in the contract the surety bond will provide financial recourse to the wronged party. There are several types of contract bonds: bid bonds, payment bonds, performance bonds, and maintenance bonds.

North Carolina Surety Bonds By Viking Bond Service

The licensed agents at Viking Bond Service are here to help you get the NC surety bond you need to start your business and keep it growing. Call, email, or use our online application form to get a quote today.