About This Bond
The SC Payment and Performance Bond 2 is required by the regulatory authority in South-Carolina. This surety bond guarantees that you will comply with the applicable state regulations and protects consumers and the public from financial harm.
How to obtain this bond
Apply online in minutes. Most SC Payment and Performance Bond 2 applications are approved instantly; cases that require manual underwriting are typically completed within 24 hours.
Bond cost
The cost of a SC Payment and Performance Bond 2 depends on the required bond amount and your financial profile, generally ranging from 1% to 15% of the bond amount. $18 per $1,000.
Frequently Asked Questions
- How much does a SC Payment and Performance Bond 2 cost?
- The cost typically ranges from 1% to 15% of the bond amount based on your credit and financial profile. $18 per $1,000.
- How long does approval take?
- Most bonds are approved instantly. Manual review cases are completed within 24 hours.
- What happens without this bond?
- Operating without the required bond may result in fines, license suspension, or the inability to legally operate in South-Carolina.
- How do I renew the SC Payment and Performance Bond 2?
- You'll receive a renewal notice before expiration. Simply provide updated information and pay the renewal premium.
- Can I cancel this bond?
- Canceling may affect your license status. Contact us to discuss your options before canceling.