South Carolina lets a Group 1 general contractor file a $20,000 surety bond in place of a financial statement to meet the net-worth requirement for licensure. Ours is $600 flat — 3% of the bond amount — and license bonds like this are the fastest thing we issue.
















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.
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your Contractor’s Licensing Board application or renewal. Wet-ink original mailed on request.
$20,000 bond × 3% = $600, one-time per term. Fixed amount, fixed price, multi-year if you want it.
South Carolina licenses general and mechanical contractors through the Contractor’s Licensing Board at the Department of Labor, Licensing and Regulation (LLR), and applicants must show a minimum net worth or working capital for their license group. Group 1 — the entry tier — carries the lowest threshold.
Rather than file a financial statement, S.C. Code 40-11-262 lets a Group 1 applicant post a $20,000 surety bond to satisfy that requirement. The bond is a guarantee to the State and the public that you’ll comply with South Carolina contractor law; if you violate it and someone is harmed, they can claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is subject to the Board’s statutory renewal cycle, so we track it and notify you 60 and 30 days out to keep your filing continuous. For higher license groups the net-worth threshold rises — send us your group and we’ll confirm the figure.
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.
$600 flat, five-minute application, bond often issued in the same sitting. Free until issued.