AR contractor bond in lieu of financials.
Flat 3%. Soft pull.
Instead of showing the Contractors Licensing Board a financial statement that meets the net-worth requirement for your license class, Arkansas lets you post a surety bond in lieu of financials. The amount is set by your classification — we write it at a flat 3% with one soft credit pull.
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Three steps to filed.
Your license is waiting on this bond instead of a financial statement. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, the bond amount your class requires, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
These are larger bonds, so underwriting takes a look; if anything is needed you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & file with the Licensing Board
Pay online and receive the executed bond. Arkansas requires an original signature on this filing, so we mail the wet-ink original for you to sign and file with the Contractors Licensing Board.
The whole pricing page.
Bond amount × 3% = your premium, one-time per term, $275 minimum. Enter the amount your classification requires and the premium updates.
What it is and who needs it.
What the bond in lieu of financials does
Arkansas licenses commercial and residential contractors through the Contractors Licensing Board (Department of Labor and Licensing), and each license classification carries a minimum net-worth requirement. Normally you prove that with an audited or reviewed financial statement.
If you'd rather not file financials, the Board lets you post a surety bond in lieu of a financial statement instead. The bond must be written in an amount equal to ten times the net worth required for your classification — so it commonly runs from $200,000 to $500,000 depending on your license class.
This is separate from the standard contractor license bond. A bond in lieu of financials replaces the financial-statement requirement; it does not replace any other bond your license or a project may require. If the surety pays a claim, you repay the surety — it is a guarantee, not insurance for you.
You need this bond if you're
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Arkansas contractor bond in lieu of financials? +
Is this the same as the $10,000 contractor license bond? +
How is the amount determined? +
Is there a credit check? +
How do I file it? +
Other New York bonds.
Skip the financial statement.
Flat 3%, five-minute application, soft pull only. Post the bond in lieu of financials and keep your license moving.