Maine Surety Bonds
Complete Guide to getting Bonded in Maine
1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
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All types of Maine surety bonds - Image
100% money-back guarantee - Image
Fast and secure online applications - Image
Bad credit surety bonds available
Most Popular Surety Bonds in Maine
Find Your Maine Surety Bond
Do you need more information about the Maine surety bond requirements? Call our bond experts at (877)-514-5146 to learn more.
How Much Does a Maine Surety Bond Cost?
The cost of a Maine surety bond ranges from $250 to $10,000. The required bond amount varies by trade. A mortgage broker, for example, needs a $25,000 surety bond. A money transmitter needs a $100,000 bond. You are not required to pay the full amount of the bond, however.
When buying your required bond, you only pay a premium rate. The premium rate is based on several factors, including your credit rating, business experience, and liquid and fixed assets. The rate range is from 1% to 10% of the bond amount.
Your surety bond rate will range from 1% to 3% if you have a 700 or higher credit score. A credit score of 600 to 699 qualifies for a 3% to 5% premium rate. The rate for a 599 or lower credit score is 5% to 10%.
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Surety Bond Cost Based on Credit Score |
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|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Freight Broker Bond |
$75,000 |
$750 - $2,250 |
$2,250 - $3,750 |
$3,750 - $7,500 |
|
Maine Auto Dealer Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
|
Maine Contractor Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Maine Mortgage Broker Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Maine Collection Agency Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Maine Money Transmitter Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
How to Get a Surety Bond in Maine
1. Research the Surety Bond You Need
The first step toward buying your required surety bond is determining the bond type and amount needed. For example, the FMCSA is the authority on freight broker license and bond requirements. The authority on auto dealer licenses and bonds is the Maine Bureau of Motor Vehicles.
2. Apply For Your Bond Online
After researching the bond type and amount that applies to you, the next step is to fill out our online application. This short application requires only a few minutes of your time, and we will process your application immediately.
Recently, Julie contacted us to purchase a mortgage broker bond. While she anticipated a long, complicated process, she was thrilled to get an instant quote after applying online. It only took her a few minutes to pay her premium online, and we sent the bond directly to her email address.
3. Get a Bond Quote
Once you submit the bond application online, you will receive an immediate bond quote. For a more complex application, we will deliver a quote within 48 hours. We provide bonds to more than 99% of our valued customers.
4. Pay Your Bond Premium Online
The last step is equally fast and easy. Simply make your premium payment online. Your bond will be delivered to your inbox, allowing you to finalize your licensing application. We are happy to mail the bond to you as well, if requested.
If you run into a challenge or have questions about your quote, we are available to help. Please contact us or reach us by phone at (877) 514-5146.
Start your surety bond application. 100% money-back guarantee!
Other Maine Surety Bonds
Resources
Maine License Info
Lance Surety Bonds is licensed to underwrite surety bonds in Maine.
About Us
What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!