Small Loan Company Bond
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- How much will a pawn broker bond cost?
Prices are based on a portion of the bond amount. Try our estimate tool and get a general range of costs. If you are ready for a firm quote, fill out our web based application and get an instant approval online .
- Can I get a surety bond with bad credit?
Yes. We have exclusive programs that allow us to write these bonds at the lowest rates possible, even if your personal credit is flawed. You can apply and receive an online quote instantly.
- Why do I need a small loan company bond?
It is needed to obtain your state license. Contact the states in which you operate to see if a bond is required of you, or take a look at our state requirement list below.
- Will the bond protect the money I loan?
No. It protects the public. If you want protection for your company, you need to contact an insurance agency.
- Do I need a bond in every state I offer loans in?
Not necessarily. However, you will need separate bonds for all states you operate in that require a bond. There is no blanket bond coverage, as each state bond form is a different guarantee. Take a look at our state requirement list below to see what your state requires. Should your state not be listed, contact the state directly to determine the bond requirements.
- What types of businesses need to obtain this bond?
They include but are not limited to pawnbrokers, supervised lenders, credit service organizations and other loan brokers. However, every state has different requirements. Take a look at our state requirement list below. If you do not see your state, contact it directly to make sure you meet all requirements.