What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on February 27, 2014.
Learn more about SpinDistribute Article Distribution System.

Are Surety Bonds Just for The Construction Business?

Article Category: Business

Author Name: Gemma-Leigh Garner

Can you use surety bonds in buying a vehicle? Why not? Then in case a car dealer takes advantage of you, you can get your money back. You can make a claim on the surety bonds, and the car dealer would have to use the bonds to pay the customer back.

New business owners can take advantage of the employee theft bonds, which can reimburse the owner in the event of theft done by his employees. This type of surety bonds would serve the owners of businesses who are usually on the go and leave management including the receipt and disbursement of cash to not-so-trusted employees.

Actually, the surety bonds give the business entity additional integrity. They can attract potential customers and help in the retention of old ones. These show that you have the commitment to do business. These bonds can be considered an investment especially for small businesses to show that they're there for the long term.

Owners of buildings, too, are given peace of mind in the likelihood of default. With 853,000 construction companies in 2002 only 610,000 remained in business in 2004 - more than a quarter failed. Surety bonds assure that the contractor is capable of completing the contract on time, within the budget and according to specification. The burden of construction risk is shifted from building owner to the surety company.

While it is used heavily as a sound business practice in the construction industry, it is necessary that you should make the right choice to manage the risks whatever your business. You should also be able to select the most financially responsible choice to ensure timely project completion. This financial option can include factoring receivables or selling commercial paper (promissory notes which are unsecured and with a fixed maturity). If cash is slow in coming or there is a cash flow restraint, although temporary, the mentioned modes of acquiring instant cash would be advisable. If planned ahead, a loan with your bank would also be wise. Non-bank lenders would not be very advisable especially because of high interest rates and very short payment periods.

Surety bonds are rightfully prescribed for business owners. But be warned: the forms used to apply for these bonds give very little room for negotiation. Look out for terms that only benefit one side and language that can put the risk unfairly on you. Terms that put too much burden on parties should also be avoided. These discourage parties from getting into agreements, lowering competition for projects. Also, don't include large cost contingencies because they tend to increase the price of projects overall. However, don't forget to include the cost of events that are most likely to happen.

It must be noted that the Small Business Administration gives guarantees on surety bonds of all small businesses whether they are sole proprietorships, partnerships or corporations. The SBA caters to individual public and private contracts and sub-contracts of $6.5 million or less. It also guarantees surety bonds for contracts up to $10 million if a Federal Contracting Officer certifies that an SBA guarantee is necessary for the small business to obtain bonding.

Keywords: surety bonds

Learn more about SpinDistribute Article Distribution System. We also offer Professional Article Writing to everyone who's looking for high quality web content.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.