Illinois School | $50,000 School Surety Bond

Also known as: school bond

Type of Bond

An Illinois School Bond is a type of municipal bond issued by a school district in the state of Illinois to raise funds for construction or renovation of school facilities or other educational projects. The purpose of the bond is to allow the school district to borrow money from investors with a promise of repayment over a specific period with interest. This type of bond is backed by the full faith and credit of the school district, which means that investors have a guarantee that they will be repaid even if the district is unable to generate enough revenue to cover the bond payments. The funds raised through the bond issue are used to finance the construction or renovation of school buildings, the purchase of educational equipment, or other school-related projects. In summary, the Illinois School Bond is a financing tool used by school districts to raise funds for educational projects that they would not be able to fund through regular operating budgets.


Program

The price you'll pay for your $50,000 School 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 $50,000 School 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 $50,000 School 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 School Bond Application process.

The Illinois School Bond amount is currently set at  $50,000.

Obligee Information

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

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

Obligee: Illinois State Board Of Education
Street: 100 North First Street
State: Illinois
Zip: 62777