Contractors often deal with uneven cash flow, retainage, equipment needs and changing project schedules. A banking partner who understands the business can be easier to work with when those needs change.
Keep the bank informed about major growth, unusual projects or changes in working-capital needs. The goal is not to borrow unnecessarily; it is to avoid making the first conversation happen during a crisis.
Banking decisions remain separate from surety underwriting, but clear financial relationships can be part of a well-prepared business.
This resource is general information. Bond requirements and underwriting decisions depend on the specific request and surety review.