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.
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.