Holiday Schedule: July 4th
06/30/2008
Bryant Surety Bonds will be closed on Thursday, July 3rd for Independence Day Weekend; we will return on Monday, July 5th. We hope you all have a safe and pleasant holiday. While we are closed, please explore our website for information on surety bonds, and when you are ready, use our free online application. We look forward [...]
Mortgage Apps drop to over 6 year low?.Rates also Fall
06/25/2008
Mortgage applications for the week ended June 20 dropped 9.3%, the lowest since December 28, 2001.
Borrowing for a 30 year fixed-rate mortgage averaged 6.39% in last week, down 0.18 percentage points from the previous week, this is also below the average 6.60% of a year ago.
A liquor bond is required by the government to participate in the sale, manufacturing, or warehousing of liquor. The bond protects the government in the event that the principal is maintaining fraudulent records or is unable to pay on previously collected funds. State governments typically require this bond, which is considered a financial guarantee.
Though as a rule the surety bond industry tends to shy away from writing financial guarantee bonds, the liquor tax bond seams to be the exception for those who qualify. There are two main reasons for this exception: First, taxes are typically held aside at the time of sale therefore lowering risk, and second, this bond is required by the state, which also helps in elevating the risk in the eyes of the bonding company (as opposed to financial guarantees to the private sector).
A Bad Credit Surety Bond program is available for liquor bonds. If you have poor credit, or are just starting out and have no credit, please apply for this program.
