Shelbyville utility deposit bonds.
2% of bond amount, $100 min. Enter your amount.
When Shelbyville Power, Water & Sewerage Systems asks a commercial or industrial customer for a service deposit, you can post a bond in lieu of a cash deposit. The utility sets the amount; the premium is 2% of the bond amount, $100 minimum, and your exact price appears at the application. Keeps your working capital instead of leaving it on deposit.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with the utility. Here is the whole thing:
Apply online
Your business details, the deposit amount the utility required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with Shelbyville Power, Water & Sewerage
Submit the executed bond to the utility in place of the cash deposit. Wet-ink originals mailed whenever the utility insists on them.
What it is and who needs it.
What the utility deposit bond actually does
Shelbyville Power, Water & Sewerage Systems is the municipal utility serving Shelbyville, Tennessee, providing electric, water, and sewer service. Like most utilities, it can require a service deposit from commercial, industrial, or higher-risk customers as security against unpaid bills.
Rather than leave that cash on deposit, you can post a bond in lieu of deposit for the same amount. The bond guarantees the utility that your bills will be paid — if you default, the utility can recover the unpaid balance against the bond, up to the penal sum.
It is not insurance for you — if the surety pays the utility, you repay the surety. The advantage is cash flow: you pay a premium from $100 instead of tying up the full deposit. Enter the figure the utility set — the application collects no credit information, and most applications approve instantly.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the utility set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Tennessee bonds.
Utility deposit bond, issued today.
Premium is 2% of the bond amount, $100 minimum. Enter the amount the utility required and file the same day.