Premium financing allows SuretyBonds.com clients to break up what is typically one large upfront premium payment into smaller, more manageable payments. Qualified applicants might be eligible for financing if they cannot afford to pay their surety bond premium in full.
If a SuretyBonds.com client qualifies for premium financing, our team will provide a financing packet. The premium finance addendum is a formal document that outlines terms and conditions required by some surety companies in addition to the terms and conditions required by finance companies as outlined in their premium finance agreements. By signing a premium finance addendum, the client agrees to all additional terms as required by the surety company.
Correctly completed financing paperwork must be returned to SuretyBonds.com in full before we can process the premium down payment and issue the associated surety bond.
If you have further questions about premium financing, call 1 (800) 308-4358 or email customercare@suretybonds.com, and one of our friendly representatives will be happy to help.