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What is a Delaware – Licensed Lender Bond?
The licensed lender bond is a protective measure that protects the harmed party from financial loss up to their full amount. By posting this type of security, principals pledge compliance with all terms in Chapter 22-5 when engaging as an active trader or loan officer at any company operating within Delaware's borders
Do you need a Delaware – Licensed Lender Bond?
A Delaware – Licensed Lender Bond is required for any business that wants to offer loans in the state of Delaware. The bond guarantees that the lender will comply with all state regulations and laws.
Obtaining a Delaware – Licensed Lender Bond is easy, fast, and affordable. We can help you get the bond you need so your business can start lending money in no time.
Apply now for your Delaware – Licensed Lender Bond!
Why is the Delaware – Licensed Lender Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. See a Newark, DE-General Contractor ($75,000) Bond.
How does the Delaware – Licensed Lender Bond work?
Getting a Delaware – Licensed Lender Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Get a Newark, DE-General Contractor ($50,000) Bond.
How much does a Delaware – Licensed Lender Bond cost?
Delaware – Licensed Lender Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Delaware – Licensed Lender Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Read a Newark, DE-Limited General Contractor ($150,000) Bond.
How to get your Delaware – Licensed Lender Bond?
Would you like to know the first step in getting your Delaware – Licensed Lender Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a Delaware – Non-Resident Contractor Tax Bond.
