Contractor License Bonds 2025: How to Get Approved in 24 Hours
Executive Director from Associated General Contractors reveals the real costs contractors pay, bad credit strategies that work, and the $15,000 mistake 73% make.
State-specific contractor bond calculator mentioned in this episode.
License Requirements
- • All 50 state contractor license bond requirements
- • General contractor vs specialty trade differences
- • Residential vs commercial licensing paths
- • Multi-state contractor strategies
Real-World Costs & Approval
- • Actual premiums contractors pay (with examples)
- • Bad credit approval strategies that work
- • The $15,000 mistake 73% of contractors make
- • 24-hour approval process walkthrough
Cold Open (0:00-0:30)
Real story: Contractor loses $50,000 project because they didn't understand contractor license bond requirements
Guest Introduction (0:30-5:00)
Meet the AGC Executive Director who's helped thousands of contractors navigate licensing bond requirements
50-State Requirements Map (5:00-20:00)
Complete breakdown of contractor license bond amounts and requirements by state
Real Contractor Costs (20:00-30:00)
Actual examples of what contractors pay based on credit score and contractor bond amount
Bad Credit Solutions (30:00-40:00)
Proven strategies for contractor bonds with credit scores below 650
24-Hour Approval Process (40:00-45:00)
Step-by-step guide to getting contractor license bonds approved quickly
The $15,000 Mistake
73% of contractors overpay for bonds because they don't understand the difference between continuous and term bonds. Our guest explains how to save thousands annually.
Credit Score Impact
- • 750+: 1-3% of bond amount
- • 650-749: 3-5% of bond amount
- • 550-649: 5-10% of bond amount
- • Below 550: 10-15% + collateral
Fast Approval Tips
- • Complete application online
- • Have financials ready
- • Choose continuous over term
- • Work with serving agents
Previous Episode
Episode 1: What Are Surety Bonds?Next Episode
Episode 3: BMC-84 Freight Broker Bond