A contractor signatory to a collective bargaining agreement with Sheet Metal Workers Local Union No. 67 (SMART Local 67, based in San Antonio) posts a bond guaranteeing its wages and contributions to the union's fringe benefit funds. Pricing is 4% of the bond amount, $100 minimum. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
















No underwriting queue for the standard fringe benefits bond — enter your amount, pay, and file with Local 67. Here is the whole thing:
Your company details, the bond amount your agreement set, the effective date, and a one-time consent to a soft credit pull.
Most applications clear quickly on a soft pull that never affects your score; pricing is 4% of the bond amount, $100 minimum.
Your executed bond and power of attorney arrive by email, ready to file with Sheet Metal Workers Local Union No. 67 or its fringe benefit fund administrator, Southern Benefit Administrators. Wet-ink originals mailed on request.
A fringe benefits bond — sometimes called a wage-and-welfare bond — is the financial guarantee a union local requires of a signatory contractor: a contractor bound by a collective bargaining agreement to employ covered sheet metal workers. Sheet Metal Workers Local Union No. 67, headquartered in San Antonio and affiliated with SMART, covers Austin, San Antonio, Waco, and South Texas; its fringe benefit funds (health, welfare, and pension) are administered by Southern Benefit Administrators, Inc.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and Local 67 or its fringe benefit trust funds (the obligee), protecting the covered workers whose benefits depend on those contributions actually arriving. If a signatory contractor falls short on wages or fund contributions, the union can claim against the bond, and if the surety pays, the contractor repays the surety.
This is a private contractual requirement created by the collective bargaining agreement — not a Texas statute. There is no single amount; the CBA or the fund administrator sets the bond figure for your account. Enter that figure and your exact price appears at the application — 4% of the bond amount, $100 minimum.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score.
Start the application →4% of the bond amount, $100 minimum, soft pull only. Free until issued.