The City of Southaven requires a $10,000 contractor's license bond as a condition of its contractor privilege license. Ours is $300 flat — exactly 3% of the $10,000 bond amount, the same for every contractor. The application is five minutes, with no credit check on this bond.
















City license bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit check section, no follow-up scavenger hunt.
Small fixed municipal bonds like this issue right after purchase in most cases. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with the City of Southaven for your contractor privilege license. Wet-ink original mailed on request.
$10,000 bond × 3% = $300, one-time per term. Fixed amount, fixed price, multi-year if you want it.
The City of Southaven conditions its contractor privilege license on a $10,000 surety bond. The bond is a compliance guarantee to the city: it stands behind your obligation to follow Southaven's building codes, ordinances, and permit conditions when you do work inside the city.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Southaven (the obligee). If a licensed contractor violates a city ordinance, leaves permit work uncorrected, or owes the city for damage or fees, the city can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Contractors who pull proper permits and follow the city's codes treat the bond as a license formality, not a risk. We track it and notify you ahead of expiration so your license filing stays continuous.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$300 flat, five-minute application, bond often issued in the same sitting. Free until issued.