SC Group 5 contractor bonds.
Flat 3%. Soft pull.
South Carolina lets a general contractor post a surety bond in place of a financial statement under S.C. Code §40-11-262, filed with the LLR Contractor's Licensing Board. This page issues the $500,000 Group 5 bond at a flat 3% with one soft credit pull. Note: the statute pegs the bond to the group's net-worth figure — $350,000 for Group 5 — so confirm the exact amount your Board requires.
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Three steps to licensed.
Your contractor's license is waiting on either a financial statement or this bond. Here's the entire process:
Apply once, online
Business details, owner information, a few commercial questions, and the effective date — that is the application, plus a one-time consent to a soft credit pull.
Reviewed & approved
A larger contractor bond like this gets an underwriting look; you typically hear back within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & file with the Contractor's Licensing Board
Pay online and receive the executed bond, ready to file with LLR in place of your net-worth financial statement. Wet-ink originals mailed whenever the Board insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time per term. This page issues $500,000; the statutory Group 5 net-worth figure is $350,000 — confirm which your Board requires.
What it is and who needs it.
What the contractor bond actually does
South Carolina licenses general contractors through the LLR Contractor's Licensing Board under Title 40, Chapter 11. Each license group carries a minimum net-worth or working-capital requirement that sets how large a project you can bid — Group 5 is the top tier, with no bid limit, requiring a net worth of $350,000 (or working capital of $250,000).
Under S.C. Code §40-11-262, instead of submitting a financial statement, an applicant may post a surety bond in the same amount as the net worth required for the license group. For Group 5 that statutory figure is $350,000. The bond must stay continuous while the license is active and can be canceled only on 30 days' notice — if it lapses, you must show net worth within 10 days or face suspension.
This page is set up to issue a $500,000 Group 5 bond, which is higher than the statutory $350,000 minimum. We'd rather flag that than quietly issue the wrong number: tell us the exact amount your Board requires and we issue at that figure, at the same flat 3% either way.
You need this bond if you're
Five minutes. The whole thing.
These are the actual underwriting fields, including a few commercial questions and a one-time consent to a soft credit pull. A larger bond like this is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Why is this bond $500,000 when Group 5 net worth is $350,000? +
Do I pay the bond amount? +
What does this bond replace? +
Is there a credit check? +
What happens if the bond is canceled? +
Other New York bonds.
Your contractor's license, one document closer.
Flat 3%, five-minute application, e-signed bond in 1–2 business days. Confirm your amount and we issue at that figure. Free until issued.