South Carolina lets a Group 5 mechanical contractor file a $300,000 surety bond in lieu of a financial statement under § 40-11-262 — the bond matches the $300,000 net worth for the top group. Ours is $6,000 flat, set by our carrier's rate book for this bond. One soft credit pull, e-signed in 1–2 business days.
















Your license is waiting on either a financial statement or this bond. Here's the entire process — no broker phone tag:
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.
At $300,000, 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.
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.
South Carolina licenses mechanical contractors through the Contractor's Licensing Board at LLR, and sorts them into groups by the size of work they can take on. Group 5 is the top group, carrying the $300,000 net worth requirement that lets you bid the largest mechanical projects.
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. At this size, underwriting will look closely, but the price stays a flat $6,000.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. At $300,000 a closer underwriting look is normal; the price stays a flat $6,000.
Start the application →$6,000 flat, short application, e-signed bond in 1–2 business days. Free until issued.