What is the purpose of an Aircraft Dealer Surety Bond?
These surety bonds ensure that Aircraft Dealers are licensed and operate in accordance with all applicable laws and regulations, guaranteeing the prompt and proper filing of all tax records, interest payments and penalties.
How much are Aircraft Dealer Surety Bonds written for?
The penalty amount for an Aircraft Dealer Surety Bond will vary by state. The following are some of the more popular offerings from Pacific Surety:
Please contact your local authority for information about Aircraft Dealer Surety Bond requirements in your state.
How much does an Aircraft Dealer Surety Bond cost?
Pricing for Aircraft Dealer Surety Bonds will vary by state. An Underwriter will review your application, and your premium will be based on the following factors:
- The state requiring the bond
- Amount of the bond
- Term length of the bond
- Personal credit for all owners with at least a 10% ownership stake in the business
Individuals with good credit can expect to pay between .67% and 5% of the bond amount. Qualified applicants could pay as little as $100 annually (minimum premium) for a $10,000 Aircraft Dealer Surety Bond. To find out how much your Aircraft Dealer Surety Bond is going to cost, please complete our online application for your free, no obligation price quote.
Can I get an Aircraft Dealer Surety Bond with bad credit?
Pacific Surety offers a wide range of approvals, regardless of credit, for Aircraft Dealer Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of their credit.
Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay between 10% and 20% of the bond amount in premium. To see what rate you will qualify for, please complete our online application for your free, no obligation price quote.
How do I get an Aircraft Dealer Surety Bond?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7837 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.