SC general contractor bonds.
$4,500 flat. Soft pull.
South Carolina lets a Group 3 general contractor file a $150,000 surety bond in lieu of a financial statement under § 40-11-262 — the bond matches the $150,000 net worth for the group. Ours is $4,500 flat, 3% of the bond amount. One soft credit pull, e-signed in 1–2 business days.
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Three steps to licensed.
Your license is waiting on either a financial statement or this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. The only extra step is a one-time consent to a soft credit pull. Larger bonds like this may get a closer underwriting look.
Reviewed & approved
At $150,000, underwriting may ask for a bit more before approving. If so, 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 Board
Pay online and receive the executed bond ready to file with the Contractor's Licensing Board in lieu of your financial statement. Wet-ink originals mailed whenever the Board insists.
The whole pricing page.
$150,000 bond × 3% = $4,500, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually does
South Carolina licenses general contractors through the Contractor's Licensing Board at LLR, and sorts them into groups by the size of work they can take on. Each group carries a minimum net worth — for general Group 3, that is $150,000.
Under § 40-11-262, instead of proving that net worth with a financial statement, you may file a surety bond in the same amount. The bond lists the State of South Carolina as obligee and benefits anyone damaged by your breach of a construction contract or a contract for labor, materials, or professional services.
The bond must be continuous and stay in effect for as long as you hold the license or until you submit a qualifying financial statement. If it is canceled, you must prove net worth within ten days or the license is suspended. It is not insurance for you — if the surety pays, you repay the surety.
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. At $150,000 a closer underwriting look is normal; the price stays a flat 3%.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Why is the Group 3 general bond $150,000? +
Do I pay the $150,000? +
Will a bond this size require more underwriting? +
Is there a credit check? +
What happens if the bond is canceled? +
Other New York bonds.
Skip the financial statement.
$4,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.