Illinois Loan Company | $25,000 Loan Company Surety Bond

Also known as: loan company license bond

Type of Bond

An Illinois Loan Company Bond is a type of surety bond required by the state for businesses or individuals engaged in the business of providing loans or offering credit services, such as consumer loans or installment loans. This bond ensures that the loan company complies with state laws, regulations, and ethical standards governing the lending industry. The purpose of the bond is to protect borrowers, the state, and the public from potential financial loss, fraud, or unethical conduct by the loan company. It serves as a financial guarantee that the company will operate their business professionally, ethically, and in accordance with the law. If a loan company fails to fulfill their obligations, engages in fraudulent or unethical practices, or violates state regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Loan Company Bond helps ensure that businesses and individuals in the lending industry maintain a high level of professionalism and integrity, protecting the interests of borrowers, the state, and the public.


Program

The price you'll pay for your $25,000 Loan Company Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $25,000 Loan Company Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $25,000 Loan Company Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Loan Company Bond Application process.

The Illinois Loan Company Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Loan Company bond.

For your convenience you can view a sample copy of the Illinois Loan Company Bond Form.

Obligee: Illinois Department Of Financial And Professional Regulation
Street: 320 W Washington St
State: Illinois
Zip: 62786