What Do You Qualify For?

Ready to take action and bring your dream bonding program to life? Here's how the bonding company will qualify you for the desired program, ensuring a smooth process:

  1. Access your accounting software (such as QuickBooks) and make sure it reports on an accrual basis, not cash, for accurate calculations.

  2. Navigate to the company balance sheet and find the current assets total.

  3. Locate the current liabilities total on the balance sheet.

  4. Find the total equity amount at the bottom of the balance sheet.

  5. Enter the current assets and current liabilities into the calculator provided to determine your qualifying bonding program. If you require additional capacity, explore our SBA Bond Guarantee program for increased options. Here's a secret hint: The SBA Bond Guarantee program also considers a Bank Line of Credit as bonding capacity. Contact us for more details on how this can benefit you.

Please note that the equity amount should closely align with the working capital number. If there's a significant difference, it will be flagged, and a detailed explanation will be necessary to proceed. Call or email us to learn more. 

At Kingdom Bonding, we emphasize the significance of a robust accounting system for a successful bonding program. If you need assistance, we can connect you with construction-oriented CPAs and accountants we closely collaborate with.

Take action today by calling us or applying below or here to turn your dream bonding program into a reality. Trust us to guide you through the process and make your construction goals achievable. 

Disclaimer: Please be aware that all calculations provided are rough estimates and are subject to surety and agency underwriting. Final issuance of any bonds or prequalifications is contingent upon the underwriting process. Contact us to get started and receive personalized assistance for your specific needs.