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Most Popular Surety Bonds in South Carolina
How to Get a Surety Bond in South Carolina
1. Determine The Surety Bond You Need
This information can be requested from the entity requiring the surety bond. Depending on the situation, this can be a federal agency like the FMCSA, a state administration like the South Carolina Department of Motor Vehicles or a municipality like Dillon. Many people who approach us for the first time have questions about this stage so don’t hesitate to contact us if you have any doubts. That’s what our experienced and friendly customer service is here for.
2. Submit Your Application Form
Fill our online application form, which can be done in under 5 minutes, and you will receive a quote, completely free and without any commitment, for your surety bond’s premium. That’s what our client Jim did to go through the bonding process with ease.
3. Accept Your Quote
The only thing left for you to do is paying the quoted premium and signing the agreement. Once that is done, we’ll send you your surety bond immediately. After receiving it, you may have to sign it before sharing it with the obligee.
Types of Surety Bonds in South Carolina
There are three main types of surety bonds required in South Carolina. Here’s a brief overview:
- License bonds, also known as permit bonds, are often required by state bodies during the professional licensing process. In South Carolina, a number of professions require license bonds. These include auto dealers, freight brokers, mortgage brokers and insurance brokers. Taking out a license bond guarantees that these professionals will operate within the laws of their industry.
- Contract bonds, also known as performance bonds, are most commonly used in the construction industry. Companies often need to get bonded in order to bid on new projects. Contract bonds guarantee fulfillment of contractual obligations.
- Court bonds are probably the least common bond type in South Carolina. Typical cases in which South Carolina courts might require court bonds include when someone is appealing to a higher court or when they’re acting as a fiduciary.
Ready to start your bonding process? Find your South Carolina surety bond in the table below or give our bonding experts a call at (877)-514-5146.
Find Your South Carolina Surety Bond
Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
General license & permit bond (not listed) | N/A | N/A | Apply Now |
Contractor License (No P&P Language) Bond | Registered Residential Specialty Contractor | Residential Builders Commission | Apply Now |
Contractor License (No P&P Language) Bond | South Carolina Manufactured Housing | SC Dept. of Manufactured Housing | Apply Now |
Contractor License (No P&P Language) Bond | Contractor License (No P&P Language) | Residential Builders Commission | Apply Now |
Contractor License (No P&P Language) Bond | (HVAC, plumber, electrician) Licensed Residential | Residential Builders Commission | Apply Now |
Contractor License (No P&P Language) Bond | Service Contracts Bond | State of South Carolina | Apply Now |
Investment Advisor (Blue Sky) Bond | BROKER-DEALER AND INVESTMENT ADVISER SURETY | State of South Carolina | Apply Now |
Investment Advisor (Blue Sky) Bond | Investment Advisor (Blue Sky) | State of South Carolina | Apply Now |
Investment Advisor (Blue Sky) Bond | BROKER-DEALER AND INVESTMENT ADVISER SURETY | State of South Carolina | Apply Now |
Debt Consolidators Bond | Credit Counseling Organization Special Deposit Bon | Dept of Consumer Affairs | Apply Now |
Professional Fund Raisers Bond | Professional Solicitor's | South Carolina Secretary of State | Apply Now |
Insurance Agents/Brokers Bond | Insurance Broker | Dept of Insurance | Apply Now |
Insurance Agents/Brokers Bond | Insurance Broker Bond | Dept of Insurance | Apply Now |
Insurance 3rd Party Administrator Bond | Insurance Administrator Bond | South Carolina Department of Insurance | Apply Now |
Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Broker Special Deposit | Dept of Consumer Affairs | Apply Now |
Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Mortgage Lender | State Board of Financial Institutions | Apply Now |
Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Mortgage Lender Special Deposit | South Carolina Dept of Consumer Affairs | Apply Now |
Auto & Mobile Home Dealers (New & Used) Bond | Motor Vehicle Dealer | Department of Motor Vehicles - Dealer Licensing & | Apply Now |
Auto & Mobile Home Dealers (Used Only, No New) Bond | Motor Vehicle Dealer | Department of Motor Vehicles - Dealer Licensing & | Apply Now |
Sport Permits Bond | Professional Mixed Martial Arts Promoter Bond | South Carolina State Athletic Commission | Apply Now |
Health Spas/Health Clubs Bond | Physical Fitness Center Deposit Bond | South Carolina Department of Consumer Affairs | Apply Now |
Detectives Bond | Private Investigation Agency | South Carolina | Apply Now |
Employment Agencies Bond | Employment Agencies | SC Secretary of State Office | Apply Now |
Funeral Directors Bond | Performance Bond of Preneed Funeral Contracts | South Carolina Department of Consumer Affairs | Apply Now |
Professional Licenses (All Other) Bond | Pawnbroker Special Deposit Bond | South Carolina Dept of Consumer Affairs | Apply Now |
Professional Licenses (All Other) Bond | Well Driller Bond | Synergy Business ark; Kingstree Building | Apply Now |
Professional Licenses (All Other) Bond | Retail Pistol Dealer | SLED | Apply Now |
Professional Licenses (All Other) Bond | Professional Licenses (All Other) Bond | Department of Insurance | Apply Now |
Professional Licenses (All Other) Bond | Contract Security Bond | South Carolina Law Enforcement Division | Apply Now |
Schools (All) Bond | Commercial Driver Training School Surety | Dept of Motor Vehicles Driver Improvement Office | Apply Now |
Schools (All) Bond | Nonpublic Postsecondary Institution | Commission on Higher Education | Apply Now |
Schools (All) Bond | Cosmetology School | State Board Of Cosmetology | Apply Now |
Cigar/Cigarette & Tobacco Tax Bond | STATE TOBACCO TAX | South Carolina Dept of Revenue Misc Tax Section | Apply Now |
Fuel Tax (All Others, Sellers & Users) Bond | State Motor Fuel User Fee Bond | Department of Revenue | Apply Now |
Miscellaneous Taxes Bond | Right Of Way Bond | SC Dept of Trans | Apply Now |
Games of Chance Bond | Bingo Revenue Bond | State of South Carolina | Apply Now |
Utility Deposit Bond | Commissioners of Public Works | Greenwood, S.C. CPW | Apply Now |
Utility Deposit Bond | Utility Deposit | SCE & G | Apply Now |
Utility Deposit Bond | Utility Deposit Bond | SCE&G | Apply Now |
Utility Deposit Bond | Santee Cooper Deposit Bond | Santee Cooper | Apply Now |
Telemarketing/Phone Solicitor Bond | Professional Solicitor's | State of South Carolina | Apply Now |
South Carolina Surety Bond Costs
The cost of a South Carolina surety bond is affected by 2 primary factors:
- The type of surety bond needed, which determines its amount;
- The risk you represent, which defines what percentage of that amount you’ll be paying.
The surety bond’s premium is set based on a percentage of the bond's total amount. This percentage varies between 1% and 10%. Some of the factors that influence it are:
- Credit score
- Business financials
- Assets and liquidity
- Professional experience
For example, if you’re looking for a $10,000 South Carolina Contractor License Bond, and have exceptionally good credit, financial and professional records, you may be quoted as little as $100 for your bond. If you have bad credit, you can still get bonded. In that situation, you can expect the premium to be closer to $1000 for the same surety bond.
Surety Bond Requirements in South Carolina
South Carolina Auto Dealer Bond
A motor vehicle dealer and wholesaler surety bond must be obtained by the principal and filed with the South Carolina Department of Motor Vehicles in order for them to obtain an auto dealer or wholesaler license in the state.
South Carolina Contractor License Bond
The South Carolina Residential Builders Commission requires that all residential contractors licensed in the state post a residential builder bond to ensure compliance with state regulations.
South Carolina Mortgage Broker Bond
The Department of Consumer Affairs requires that a mortgage broker deposit and continuously maintain a bond for the use of the State, as well as any consumers who have a cause of action against the mortgage broker.
South Carolina Money Transmitter Bond
If you need a South Carolina money transmitter license in order to legally operate, you’ll first need to post a money transmitter bond. The required bond amount is between $50,000 and $250,000.
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!
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!