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 also a Small Business Administration (SBA) agent with several surety market options within the program. The SBA Bond Guarantee Program is a government subsidized bond program that will: Assist by putting up to 80-90% guarantee which acts as collateral to help your company get bonded. SBA has flexible underwriting guidelines; helping with problems such as, credit history, working capital solutions and track record experience. 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); there is a lot of room to grow.
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.