Tag: surety bonds


How a Surety Bond Benefits Small Businesses

A good number of small businesses find it challenging to survive in a competitive market for several reasons. Firstly, they need more finances to implement sophisticated processes that can better operations and attract customers. Secondly, customers tend to shun such businesses due to a lack of confidence in the brand. Potential investors also fear doing business with such companies because

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13 Important Facts That You Need to Know About Surety Bonds

Many industries in North Carolina and across the country reinforce professionalism and discourage malpractice by requiring professionals to have a surety bond. A surety bond is a contract between multiple parties (principal, surety, and obligee) wherein the surety guarantees that the principal will fulfill their obligations as per the terms of the bond. Here are some of the essential facts

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