Alabama small loan company bonds.
$100 flat.
Alabama licenses small loan companies through the State Banking Department's Bureau of Loans under the Alabama Small Loan Act, and this $1,000 surety bond is filed in connection with that licensing. Ours is $100 flat, the price you see is the checkout price. No credit check.
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How much does an Alabama small loan company bond cost?
$100 at the $1,000 amount, the same for every applicant.
Three steps. One sitting.
Small loan company bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with your license
Your executed bond arrives by email, ready to file with your small loan company licensing at the Bureau of Loans. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Alabama's Small Loan Act — Ala. Code § 5-18-1 et seq. — requires a license from the State Banking Department to make small consumer loans in the state, administered through the Bureau of Loans. This $1,000 surety bond is filed in connection with that licensing, on the form the licensing authority prescribes.
It's a three-party arrangement: you (the principal), the surety carrier, and the licensing authority (the obligee). The bond stands behind your compliance with the licensing rules that protect Alabama borrowers who take small loans from you.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay on file for the license to stay in good standing; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $1,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your license. Your executed bond arrives by email, ready to file with your small loan company licensing at the Bureau of Loans. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $1,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Alabama bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your small loan company licensing today.
$100 flat, issued the moment you pay, no credit check. Free until issued.