Loxme Group's Surety Bond Department represents virtually every major surety company in the New York Metropolitan Marketplace. Our role is to negotiate the best possible surety bond program for a contractor and advise on how our client can work to develop the most favorable possible terms and conditions.
We specialize in the following:
We are an authorized Small Business Administration (SBA) agent with several surety market options within the program. The SBA guarantees surety bonds for certain surety companies, which allows the companies to offer surety bonds to small businesses that might not meet the criteria for other sureties.
SBA has flexible underwriting guidelines, which helps contractors that may have issues with credit history, little to no financial history, financial liquidity as well as prior tax liens , judgments or bankruptcies*. Most importantly, SBA offers a single maximum bond limit of $6,500,000 on all projects or up to $10,000,000 on federal projects (under certain conditions) so there is a lot of room to grow!
*Evidence of satisfactions and /or resolve are required along with other required supporting documents. Support and approval is not guaranteed as not all clients will qualify under this program.
- General Liability
- Workers' Compensation
- Business Automobile
- Umbrella/Excess Liability
- Builders Risk
- Installation Floater
- Tools and Equipment
- Owners Contractors Protective
- Pollution Liability
- Railroad Protective
Workshops and training classes:
Aside from providing surety and insurance services, Loxme Group Inc. offers a full range of bonding and insurance workshops. Please contact our office for more information and references.