Preferred Bonding & Insurance Services is pleased to offer our clientele and prospective clientele a full range of bonds and insurance products. We provide your company the ultimate in personalized service, with your own custom-made bond program. Our phone number is 855-826-6333 or 323-663-7814. I have a construction company & have been fortunate to know Peter as he has been providing all the bonds needed for my public & private contracts.
This has given me the advantage to participate on better & bigger projects. Peter is very persistence and does not give up until the bond is issued. We call him the Bondman. We have used Preferred Bonding as our Bonding Agent for our public works projects for the last several years. There services are professional and excellent. They exceeded our expectations and help our business multiply within few years.
We highly recommend them for companies who want their business to grow and looking for an aggressive bonding agency who is willing to go the extra mile to meet their clients' needs.
This has given me the advantage to participate on better & bigger projects. Peter is very persistence and does not give up until the bond is issued. We call him the Bondman. We have used Preferred Bonding as our Bonding Agent for our public works projects for the last several years. There services are professional and excellent. They exceeded our expectations and help our business multiply within few years.
We highly recommend them for companies who want their business to grow and looking for an aggressive bonding agency who is willing to go the extra mile to meet their clients' needs.
Services
Peter Micciche, President has been around the bond business all his life.
His mother, Patricia Zenizo, is the former President of Preferred Bonding and his father is a contractor; thus it was a natural fit for Peter to join the bonding business.
Before he started working at Preferred Bonding, Peter worked in real estate for eight years as a mortgage broker.
As a mortgage broker, he was able to help many people with all types of credit, from good to bad, refinance and purchase homes.
With the downturn in the real estate cycle, he moved onto bonding and has helped several contractors obtain performance & payment bonds.
His mother, Patricia Zenizo, is the former President of Preferred Bonding and his father is a contractor; thus it was a natural fit for Peter to join the bonding business.
Before he started working at Preferred Bonding, Peter worked in real estate for eight years as a mortgage broker.
As a mortgage broker, he was able to help many people with all types of credit, from good to bad, refinance and purchase homes.
With the downturn in the real estate cycle, he moved onto bonding and has helped several contractors obtain performance & payment bonds.
One of our most popular markets is the Small Business Administration (SBA) Bond Guarantee Program, a government subsidized bond program that will: Assist by putting up to 80-90% guarantee which acts as collateral to help your company get bonded.
SBA Has flexible underwriting guidelines; helping with problems such as, credit history, working capital solutions and track record experience.
Most importantly, SBA offers a single maximum bond limit of $6,500,000 on all projects or up to $10,000,000 on federal projects (under certain conditions); there is a lot of room to grow.
SBA Has flexible underwriting guidelines; helping with problems such as, credit history, working capital solutions and track record experience.
Most importantly, SBA offers a single maximum bond limit of $6,500,000 on all projects or up to $10,000,000 on federal projects (under certain conditions); there is a lot of room to grow.
The 8(a) program name is from Section 8(a) of the Small Business Act.
The Act, as amended by Congress, created the 8(a) program so the U.S. Small Business Administration (SBA) could help small companies owned and operated by socially and economically disadvantaged persons develop their businesses.
One of the business development tools of the 8(a) program is the award of Federal contracts.
Under the program, SBA acts as a prime contractor and enters into contracts with other Federal Government departments and agencies.
The Act, as amended by Congress, created the 8(a) program so the U.S. Small Business Administration (SBA) could help small companies owned and operated by socially and economically disadvantaged persons develop their businesses.
One of the business development tools of the 8(a) program is the award of Federal contracts.
Under the program, SBA acts as a prime contractor and enters into contracts with other Federal Government departments and agencies.
Contract bonds are a type of surety bond that must be filed with the owner of a project (the "Obligee") as a condition for the contractor to bid on or to enter into a contract.
Contract bonds consist of two primary categories - (1) bid bonds required of contractors as a condition for a contractor.
Bid Bonds The bid bond assures that the bid is submitted in good faith and that the contractor will enter into the contract at the price bid and provide the required performance and payment bonds.
Performance Bonds The performance bond protests the owner from financial loss should the contractor fail to perform the contract in.
Contract bonds consist of two primary categories - (1) bid bonds required of contractors as a condition for a contractor.
Bid Bonds The bid bond assures that the bid is submitted in good faith and that the contractor will enter into the contract at the price bid and provide the required performance and payment bonds.
Performance Bonds The performance bond protests the owner from financial loss should the contractor fail to perform the contract in.
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