Contractor’s License Surety Bond – Sub 660 Credit Apply now

What are Florida Division I and II Contractor License Bonds – Sub 660 FICO Score?

Florida Division I and II Contractor License Bonds are a new requirement by the State of Florida for all Division I and II Contractors with FICO derived credit scores less than 660. Florida Division I Contractors are classified as general, residential, and building contractors. Florida Division II Contractors are classified as all other contractors other than general, residential, and building contractors. Florida Division I and II Contractor License Bonds – Sub 660 FICO Score are required to demonstrate financial stability to the State of Florida

 

What bond amount do I need for Florida Division I and II Contractor License Bonds – Sub 660 FICO Score and can I lower the amount needed?

The bond amount needed for a Florida Division I Contractor with a sub 660 FICO score is $20,000 and the amount needed for a Florida Division II Contractor with a sub 660 FICO is $10,000. However, most surety agencies won’t tell you that these amounts can be lowered to $10,000 and $5,000 respectively which can result in a significant amount of savings! The State of Florida allows for a reduction in the required Florida Division I and II Contractor License Bond amount if licensed Florida contractor takes a 14 hour class on financial responsibility and stability. You can find a list of approved classes at http://www.myfloridalicense.com/dbpr/pro/cilb/documents/cilb_approved_financial_responsibility_courses.pdf.

 

What is the current market for Florida Division I and II Contractor License Bonds – Sub 660 FICO Score?

Florida Division I and II Contractor License Bonds – Sub 660 FICO Score are considered a high risk by standard surety bond companies. However, DBL Surety has been actively placing these bonds for our clients since the bond’s inception. In most cases, we can get Florida Division I and II Contractor License Bonds – Sub 660 FICO Score approved the same day and we also accept all major credit cards to expedite issuance!

 

How do I apply for a Contractor's License Surety Bond - Sub 660 Credit?

  1. Start by filling out our Contractor's License Surety Bond - Sub 660 Credit application
  2. E-mail or fax the information to submissions@dblsurety.com or (888) 204-8716

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Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.

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