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Surety bonds in South Carolina

Surety Bond SC - South Carolina Capital Building

Viking Bond Service is here to help with all of your surety bond needs in South Carolina. As one of the premier bonding companies in the US we have many years of experience helping business owners in SC get the surety bond they need to operate in the state and help their business grow. Whether you need a commercial surety bond or a contract surety bond our experts can help you secure an affordable bond using our quick and easy application process.

How to get a surety bond in South Carolina

Businesses in South Carolina can get a surety bond in just a few days when they work with an experienced bonding company. To secure a bond you’ll need to complete an application form and pay the bond premium before the surety company can provide your bond. Commercial bonds are the most simple to complete and the application process for these license and permit bonds can be completed online. Contract bonds are a little more complicated and an agent will guide you through the process over the phone. A credit check is required and applicants may also be required to submit some additional documentation in order to get an accurate bond quote, this documentation can include business financial information, and business operating history.

The cost of surety bonds in South Carolina

In addition to the bond type and bond amount there are a number of other factors that determine the cost of a surety bond in SC. You may be surprised to learn that the information submitted with your application plays a key role in calculating your bond premium. The bond company will use your financial history and credit score to determine how likely it is that your bond will be claimed against and whether you could afford to repay the cost of these claims. People with a strong credit score and extensive business experience will pay a lower premium as they are perceived as a lower risk. However, even if your credit score is poor and you’re considered a higher risk you’ll still be able to secure a bond with the help of Viking Bond Service.

Common surety bonds in South Carolina

Viking Bond Service has years of experience securing surety bonds in South Carolina! We can help your business find both common and uncommon contract and commercial bonds:

Commercial bonds are often known as license and permit bonds as they are required as part of the State licensing process for many businesses. There are many common commercial bonds in South Carolina including Lottery Agent bonds, Auto Dealer bonds, and Utility Deposit bonds.

South Carolina contractors will be familiar with contract bonds as they are commonly used in the State’s construction industry. There are four main types of contract surety bonds; these are performance bonds, maintenance bonds, payment bonds, and bid bonds. These types of bonds are used as a form of financial assurance for the buying party in a contract, ensuring that they are reimbursed if the contract isn’t fulfilled.

South Carolina Surety Bonds by Viking Bond Service

Viking Bond Service is a leading supplier of surety bonds in SC. Our team is comprised of experienced and friendly staff who can help guide you through the bonding process. For a quick quote use our easy online application form or call our agents today!

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