In the state of Arkansas, if you work on construction projects that will cost $20,000 or more, you must obtain a contractor's license. In order to qualify for this license, you have to possess an Arkansas General Contractors Bond in the amount of $10,000.Novus Bonds offers an Arkansas General Contractor Bond with a 99% approval rate. You will be required to provide a signed application in order to get approval for an Arkansas General Contractor Bond.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arkansas General Contractor Bond holds you accountable for your business decisions. By possessing an Arkansas General Contractor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions. Our Free 24 Hour Quote Procedure How to cut down the approval process and keep your cost low:
1. Our applications are all that's usually needed to get you a price.
2. Occasionally, more information is needed. If so, we will contact you within 24 hours.
3. If you have credit issues, approvals might need an additional day.
4. We never require an application fee. All quotes are 100% free.
5. Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.