Arkansas contractor bond in lieu of financials.
From $125.
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 price it at 2% of the bond amount plus a $25 fee, $125 minimum, with one soft credit pull.
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How much does an Arkansas contractor bond cost?
2% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
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. One soft credit pull, never a hard inquiry, and it 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.
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
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 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.
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
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.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $125 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application: approved instantly, or after a quick credit check.
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.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the financial statement.
From $125, short application, soft pull only. Post the bond in lieu of financials and keep your license moving.