SC GC Group 5 bonds.
$10,500 flat. Soft pull.
South Carolina lets a Group 5 general contractor file a $350,000 surety bond in place of proving the net worth or working capital its license group otherwise requires, under S.C. Code 40-11-262. Ours is $10,500 flat — 3% of the bond amount, identical for every applicant. One soft credit pull, never your score.
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Three steps to licensed.
Your Group 5 license is waiting on either a financial statement or this bond. Here's the bond route, end to end:
Apply once, online
Business details, owner information, effective date — plus a one-time consent to a soft credit pull. That is the application.
Reviewed & approved
A $350,000 bond gets a real underwriting look, but most clear quickly; an underwriter reaches out within 48 hours if anything else is needed. The credit check is a soft pull that never affects your score.
E-sign & file with the Licensing Board
Pay online and receive the executed bond ready to file with your initial or renewal application to the LLR Contractor's Licensing Board. Wet-ink originals mailed whenever the Board insists.
The whole pricing page.
$350,000 bond × 3% = $10,500, 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 guarantees
South Carolina licenses general contractors through the LLR Contractor's Licensing Board, and each license group carries a minimum net-worth or working-capital requirement that scales with the size of projects you can take. Group 5 is one of the larger tiers. Under S.C. Code 40-11-262, an applicant may file a surety bond in the same amount as the required net worth or working capital instead of submitting a qualifying financial statement.
For Group 5 that bond amount is $350,000. It lists the State of South Carolina as obligee and stands for the benefit of any person damaged by your breach of a construction contract — or by an unlawful act or omission in performing construction. The bond must be continuous and stay in effect as long as you hold the license on the bond route, until you instead file financials that meet the group requirement.
It is not insurance for you — if the surety pays a claim, you repay the surety. Most contractors who use the bond route treat it as a cash-flow tool: they keep their capital working rather than parking $350,000 in net worth on paper.
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. A $350,000 bond gets a quick review; most issue within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Do I pay the $350,000? +
Why would I file a bond instead of a financial statement? +
Is Group 5 always $350,000? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Bond the net-worth requirement and keep your capital working.
$10,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.