Also known as Military Freight Bond, DOD Bonds, DOD Performance Bonds, DOD Department of Defense Bond
The Surety Group now offers a simplified four-tiered bond program exclusively for DOD Freight Brokers. Everything is easier: the application, the underwriting, the approval. And everything is done in a day. We even offer financing for freight haulers with impaired credit.
The DOD Freight Broker Bond is required for any transportation business that carries freight across state lines. The bond amounts are $25,000, $50,000 or $100,000, depending on the number of states a company transports to.
- $25,000 for hauling in 1 state
- $50,000 for hauling up to 5 states
- $100,000 for hauling nationwide
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PROGRAMS
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RATES/BOND AMOUNTS
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REQUIREMENTS
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I
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$375.00 /
$25,000
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$750.00 /
$50,000
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$1500.00 /
$100,000
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Minimum Equifax score 725
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CPA prepared compilation financial statement
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Minimum DNB score 70
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In business over 5 Years
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Own a home
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No bankruptcies, lawsuits, tax liens, surety losses or foreclosures
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II
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$625.00 /
$25,000
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$1250.00 /
$50,000
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$2500.00 /
$100,000
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Minimum Equifax score 675
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In-house financial statement
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Minimum DNB score 60
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In business over 3 Years
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Own a home
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No bankruptcies, lawsuits, tax liens, surety losses or foreclosures in the last 10 years
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III
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$1250.00 /
$25,000
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$2500.00 /
$50,000
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$5000.00 /
$100,000
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Minimum Equifax score 625
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Good net worth
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In business over 1 year
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IV
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New in business or less than perfect credit
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If you do not see a program/plan that fits your needs, we have others available.
Call to learn more.
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