College Park utility deposit bonds.
From $100. Enter your amount.
The City of College Park runs its own electric, water, and gas utilities, and will accept a surety bond in place of a large cash deposit. The city sets the deposit amount; pricing is 1% of the bond amount, $100 minimum — the application collects no credit information, and most applications approve instantly. Enter that figure and your price appears in the application.
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Apply to filed in one sitting.
No underwriting queue for this utility deposit bond — enter your amount, pay, and file with the city. Here is the whole thing:
Apply online
Your business details, the deposit amount the city quoted, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applications approve and issue the moment you pay. If a check ever runs on a larger amount, it is a quick soft pull that never affects your score.
File with College Park utilities
Submit the executed bond to the City of College Park utilities department in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the College Park utility bond does
The City of College Park provides municipal electric, water, and gas service, and like most municipal utilities it asks new commercial accounts for a security deposit. Instead of tying up that cash, you can post a utility deposit surety bond the city accepts in its place.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of College Park (the obligee). The bond guarantees payment of your utility bills — if the account goes unpaid, the city can recover against the bond up to its penal sum.
It is not insurance for you — if the surety pays the city, you repay the surety. The advantage is cash flow: you pay a premium priced at 1% of the bond amount with a $100 minimum, rather than locking up the full deposit with the city. We issue the amount the city quoted; the application collects no credit information, and most applications approve instantly.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the City of College Park quoted — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Georgia bonds.
College Park utility bond, issued today.
Pricing from $100. Enter the deposit amount and file the same day.