{"id":46,"date":"2005-10-05T17:21:47","date_gmt":"2005-10-05T17:21:47","guid":{"rendered":"http:\/\/www.bfbond.com\/blog\/?p=20"},"modified":"2005-10-05T17:21:47","modified_gmt":"2005-10-05T17:21:47","slug":"how-do-i-get-a-surety-bond","status":"publish","type":"post","link":"https:\/\/bfbond.com\/blog\/how-do-i-get-a-surety-bond\/","title":{"rendered":"How do I get a surety bond?"},"content":{"rendered":"<p>Once you know what your buyer wants, you need to approach your bank, a surety company, <a href=\"http:\/\/www.bfbond.com\">surety broker<\/a> or insurance broker. A bank will provide a letter of guarantee and a surety company will provide a surety bond. There are pros and cons to both types.<\/p>\n<p>Letters of Guarantee are not cheap. When your bank issues a letter of guarantee, you have to pay a fee to have it issued and your line of credit is debited. This can lead to a cash flow crunch. You are also exposed to extra risks because your buyer can call the guarantee at any time without cause.<\/p>\n<p>Surety bonds don&#8217;t cause as much of a cash flow crunch because, only in the most extreme cases, will a surety company demand 100 % cash collateral. As well, buyers will, at times, pay fees associated with a surety bond. On the other hand, these bonds are not as easy to get as bank guarantees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once you know what your buyer wants, you need to approach your bank, a surety company, surety broker or insurance broker. A bank will provide a letter of guarantee and a surety company will provide a surety bond. There are pros and cons to both types. Letters of Guarantee are not cheap. When your bank &hellip; <a href=\"https:\/\/bfbond.com\/blog\/how-do-i-get-a-surety-bond\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">How do I get a surety bond?<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/46"}],"collection":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/comments?post=46"}],"version-history":[{"count":0,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/46\/revisions"}],"wp:attachment":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/media?parent=46"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/categories?post=46"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/tags?post=46"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}