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Capacity Building and Education

How your Credit Score (FICO) Impacts your Ability to Secure a Bond

The credit score of a firm’s principal(s) is a key factor in the bonding submission and approval process as it is considered to represent the creditworthiness of an individual and his/her likeliness to pay off debt. A high credit score is considered to reflect stability and good financial management whereas a low credit score may indicate financial issues and often raise “red flags” for the surety company.

On a scale of 300 to 850 (850 being the highest possible score), surety companies usually seek a credit score of 650 or higher as a good indicator of bondability. However, a surety will give consideration to a submission (and may approve bonding) with a credit score of less than 650 if it does not include tax liens, bankruptcies and/or other serious judgments.

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Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future

Services

As a minority-owned and certified full-service insurance brokerage and surety bonding firm, The Cayemitte Group is proud to partner with each of its clients to assist in managing corporate risks and position firms for opportunity and growth. TCG’s multidisciplinary approach offers a wide range of strategic, advisory risk management and consulting services, including capital management support. Our unique area of specialty is the development and support of small, veteran, minority and women-owned business enterprises (MWVBEs) via financial and operational capacity-building and education programs to help access capital and open doors to opportunity.

We welcome you to explore how we can be of service to you.

Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future