Author name: Erin Cruz

Erin Cruz is a Surety Bond Associate at Surety Bond Authority, a California-based surety bond company provider. Over the years, Erin has been contributing informational content to the Surety Bond Authority blog with the purpose of explaining the nature and significance of surety bonds to business owners.

How Underwriters Predict a Company’s Performance Based on Financial Documents

How Underwriters Predict a Company’s Performance Based on Financial Documents

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There are three main factors that companies will be assessed for when applying for a surety bond: capacity, character, and capital. There are bonds that will require other factors aside from those three. But the three C’s of surety bonds—as they are commonly referred to—is a standard in risk assessment. Just like in checking the …

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Arkansas Revises Law for Money Transmitters

Arkansas Revises Law for Money Transmitters

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Arkansas legislators revised a number of requirements for money transmitters through Senate Bill 187. This includes the bond amount that will cover claims made against the bond. Aside from the money transmitter bond amount, the following are a few of the other changes made in the Uniform Money Services Act: The application procedures for money …

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SBA Introduces Freight Broker Bonds

Surety Bond Authority Introduces Freight Broker Bond to its Product Lineup

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Los Angeles, CA, July 18, 2019 – Surety Bond Authority is introducing the $75,000 Freight Broker Bond to its surety bond products. The Freight Broker Bond is a federal product and is available in all 50 states. The Federal Motor Carrier Safety Administration (FMCSA) requires any person or company that is applying for a freight …

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SBA Announces Its Scholarship Contest Today

Surety Bond Authority Announces Its Scholarship Contest Today

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Los Angeles, CA, June 18, 2019 – Surety Bond Authority has announced its postsecondary scholarship contest today. The said contest will provide one deserving student within the country a chance to win $1,500. The contest is open to a high school or college student who is in pursuit of a course in Accounting, Banking, Finance, …

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Surety Bond Application Process

A Comprehensive Guide to the Surety Bond Application Process

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We’ve been simplifying the surety bond process each year as part of our commitment to provide our clients with the best possible surety bond experience. While it’s true that you can now obtain a surety bond faster than before, the surety bond application process is still a complex task that requires painstaking work…on our end, …

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Virginia Raises Bond Amount for Oil and Gas Permit Blanket Surety Bond

Virginia Raises Bond Amount for Oil and Gas Permit Blanket Surety Bond

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On March 12, 2019, a new bill that pertains to oil and gas wells in the Commonwealth of Virginia was passed. The bill (SB 1271) affects a number of rules relating to oil and gas wells including an increase to the blanket surety bond amount.   Why is an Oil and Gas Permit Blanket Surety …

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SBA Referral Program for Insurance Brokers

Surety Bond Authority, Inc. Launches Referral Program for Insurance Brokers

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Los Angeles, CA, May 8, 2019 – Surety Bond Authority, Inc. is proud to announce its Referral Program for insurance brokers. “Insurance brokers are one of our partners in this business. They’ve been referring clients to us for a long time. Since we owe part of our success to them, we believe that it’s only …

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California Money Transmitter License Application

A Complete Guide to California Money Transmitter License Application

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Money transmitters in California continue to evolve and reap the rewards of a thriving industry. In 2017, the NMLS Money Services Businesses Industry Report reveals that money transmitters in the country handled $1.24 trillion worth of transmissions. With the development of new payment transfers that includes innovative value-added services, that amount might continue to increase …

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Surety Bond Authority Introduces Ethical Bail Bond Services

Surety Bond Authority Introduces Bail Bond Services

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Los Angeles, CA, March 28, 2019 – Surety Bond Authority Inc., one of the country’s top surety bond providers, is combining an age-old practice with new technological tools to provide its clients with a fast and ethical bail bond service. The bail bond services will be added effective April 1st, 2019. “Time is of the essence …

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