Iowa Surety Bonds

Types of Surety Bonds in Iowa

You may need to get three main kinds of surety bonds in Iowa:

• To start some types of business such as an auto dealership or a mortgage brokerage, you’ll need to get a commercial bond (also known as a license bond).
• You’ll need contract bonds to participate in many public and private construction projects as a general contractor.
• A court bond may be required if you want to appeal a case or get appointed as a guardian.

In the table below, you can find the exact bond you need and apply for a free quote online.

Have further questions about how to get bonded in Iowa? Call us at (877)-514-5146 to speak with our bonding experts.

How to Get an Iowa Surety Bond?

You can get your bond in three steps:

Apply Online

Complete our online application containing information about your bond and your details as an applicant.

Get a Bond Rate

Once we receive your application, we’ll find the most appropriate bonding option for you via our large surety partner network. You’ll then get a free, no-obligations quote.

Buy Your Bond

Just pay the bond premium to complete the bonding process. We’ll send your bond via email, and you can also request a paper copy.

Would you like to know more about how bonding works? Our extensive How to Get Bonded guide is an excellent resource on the topic.

If you want to learn how exactly your bond premium is set, you can use our How Much Does a Surety Bond Cost? guide.
 

Can I Get an Iowa Surety Bond with Bad Credit?

It can be difficult to get bonded if your credit is not stellar or if you're struggling with other financial issues.

Lance Surety Bonds’ bad credit surety bonds program can be a great option for you if that’s the case. The bonding rates are between 5%-15% of the required bond amount because of the increased bonding risk.

Additional Resources

Here are our detailed licensing guides for Iowa professionals:

• How to Get an Iowa Dealer License
• A Full Guide To Obtaining a Contractor’s License in Iowa
• The Full Iowa Mortgage Broker License Guidend price, or the surety bond cost, that you will need to pay in order to get bonded in Iowa will largely depend on the surety bond amount that you are asked to post. Depending on the business you are running, this amount might be applicable for the whole country, for Iowa state, or only for your local area. In some cases, the bond amount is even determined individually for each case.

However your bond amount is set, your bond price will be only a fraction of it, called the bond premium. This means that you need to pay only a percentage in order to get bonded, which is usually between 1% and 4% if you qualify for standard bonding.

When you apply for a bond, your surety takes a close look at your personal and business finances. It considers your personal credit score, business stats and overall experience. This is how the surety assesses the risk of providing you with a bond. If your finances are stable, you can expect a lower bond premium. | [/question]