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License and permit bonds are a type of surety bond, sometimes referred to as ‘commercial bonds‘ or simply ‘license bonds‘. … A license and permit bond guarantees that a business will operate in accordance with federal, state, or local laws and regulations..
Commercial Surety Bonds are required of individuals or businesses by the government, legislation or by other entities. … Examples include performance and payment bonds, customs bonds, tax bonds and warehouse bonds
Auto dealer bonds are a licensing requirement in most states to operate a car dealership and sell different types of motor vehicles. The bond serves as protection for customers and ensures the dealer is compliant with all applicable laws.
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“I received an immediate response to my application, followed by email and phone calls. Gilbert was very professional. He presented me with an quote that met my needs, understood what I needed and put it in place within a few hours. It was a pleasure to work with Buy a Surety Bond and I will do so again. ”
Google Inc.
“Gilbert and his associates did a fantastic job with getting our Surety Bond activated for our truck brokerage company. They were professional and attentive to our needs and were BY FAR the most competitive on price. I would definitely recommend his services to anyone needing a surety bond. ”
Jstar Motors Inc
License and permit bonds are a type of surety bond, sometimes referred to as ‘commercial bonds’ or simply ‘license bonds’. Whatever you call them, license and permit bonds are required by government agencies as a pre-licensing requirement for a number of different businesses.
A license and permit bond guarantees that a business will operate in accordance with federal, state, or local laws and regulations. Each license bond is specific to one industry, and protects customers and/or the state from damages. Most commonly, license bonds protect governments and consumers from fraudulent practices committed by the business that is bonded. In any industry that requires bonding, each business must be licensed and bonded before they are allowed to legally operate.
A contract bond, also known as a contractor bond, is a type of surety bond which guarantees that a job will be completed in accordance with the conditions set forth in the contract for that job.
Contract bonds are usually obtained by construction contractors to guarantee that if a job is not completed or the contractor defaults, the owner of the project will be compensated. Because they are mostly used in the construction industry, these bonds could also be referred as construction bonds.
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A court bond may be required from a variety of individuals in different situations that all relate to court proceedings.
A person who wants to appeal a judgment to a higher court is often required to post an appeal bond before the appeal is made. The bond is needed in order to prevent misuse of the appellate system through insubstantial appeals, and to guarantee that the appellant will follow the initial court decision.
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In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation. The person or company providing the promise is also known as a “surety” or as a “guarantor”. Buy a Surety Bond is ,Operated by Choice One Insurance Inc, an insurance agency in AZ
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