Michigan Sales Finance Company Bond
We write $20,000 Sales Finance Company Bonds in the state of Michigan.
Our GOOD CREDIT price is 1% of the bond amount.
Michigan Sales Finance Company Bonds are required by the Michigan Department of Insurance & Financial Services. The required bond amount is $20,000. Each additional branch office will require another $10,000 Bond.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Follow this link if you would like to visit the state of Michigan website for the Sales Finance Company Bond requirement.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Michigan Department of Insurance & Financial Services
Bond Amount - $20,000.00 (Each additional branch requires another $10,000 Bond)
Bond Premium - Varies
Renewal Document - None.