Depending on the type of Bartow County GA business you own, you may be legally required to obtain surety bonds. In order to get these bonds, you will need to work with one of the best surety bond companies in Bartow County GA area. The past few years haven’t been very kind to surety bond companies in Bartow County GA and throughout the country and in order to compensate for that, many of these businesses are raising their rates and preferred rates are no longer an option for many. Because of all of this, it will take a bit more work on your part to find the best company to get your bonds. Here are a few tips that can help:
A Tip for New Businesses
If you are a new business and aren’t quite prepared with a business financial, but know you need , it will be best to not only get your start up plan taken care of, you should also create a business plan, as well. A start up plan, as well as a full business plan, can show brokers that you are serious about the long term success of your business and it can help to lower the rate a few points. Another thing that you can do in order to make sure that you have a better chance at getting a lower rate is to send a copy of your resume. If they can see your experience and see that it is in line with running a successful business, you can also save some cash.
Know About Your Credit History
Another thing that can really help when it comes to obtaining a surety bond for your business is to have some information about your credit history. If your credit is a little bit shaky, you may want to get a co-signer in order to get a better rate. Ideally, you will have at least a 650 credit score with no delinquencies or bankruptcies to speak of. If you don’t have that, choose a co-signer who does.
These are just a few ideas of what you can do when it comes to getting a surety bond for your Bartow County GA business. Because these are required in many industries, knowing about them before you start your company can be in your best interest.
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