Papoulias Securities prides itself on providing excellent attention to detail and customer service and also offers a variety of service options designed to enhance our customers’ success and satisfaction, including marketing and search engine optimization, legal consulting/legal services, business consulting services, performance optimization services. Papoulias Securities also offers customized bond payment terms, such as tailored payment plans and opportunities to enhance business opportunities through strategic partnerships.
For more information about how to get started and for our standard operating procedures, please click here. The first step to working with us is submitting your customer information sheet and filling out an application and scheduling a time so we can discuss your needs and decide whether you are a good fit for our services.
Papoulias Securities charges an Enrollment and Onboarding Fee that ranges between $500 and $5,000, depending on the products or services being offered.
The fee includes the mandatory compliance review required under the Patriot Act, preparation of the bond/financial instrument and the Sales and Purchase Agreement, the Indemnity and/or Security Agreement, a review of all relevant contracts and the applicant’s document set related, a technical review, and a comprehensive business needs analysis including a site visit and meetings to evaluate the applicant’s current ability to fill the terms of the contract PSC is bonding. This business analysis identifies opportunities to enhance the applicant’s potential performance and to increase security for all parties; information gathered during the assessment helps PSC determine the collateral requirements and any opportunities for the applicant to improve its bond rate through improving its potential performance. PSC is dedicated to supporting our customers’ success through offering a comprehensive set of custom-tailored business solutions provided with convenience and customer satisfaction as our top priorities. PSC comes to you to make the process painless and easy. PSC operates based on the core principle that our clients’ success is our success. This initial analysis marks the beginning of a close collaboration with our customers to ensure that every facet of our business relationship fosters success and peak performance.
PSC prices its bonds based upon the application and supporting documentation and the needs assessment. Factors considered include age of the company and performance history, litigation history, industry experience, company and/or principals’ financial history, the company’s business practices If approved for a bond, you will receive a report with recommendations for bolstering your business’ performance, including a review of
There are many factors that go into determining the cost of a performance bond, such as (but not limited to):
1. Bond Amount
2. Type and size of contract
3.State where the contractual obligation resides
4.The Surety Company quoting the rate
5.The Principal's credit and/or financial standing
6.The Principal's past job history and work on hand
7.Required and/or necessary fees charged by an agent or broker
1. Background check/KYC
2. Document preparation and review process, which includes a customized business assessment, at the end of which we provide a report with recommendations to maximize your business security, and optimize your workflow to increase efficiencies and opportunities for business growth. If approved for a bond or other financial instrument, we will work with you to help implement some of the recommended steps for bolstering your business’ performance that will both increase the likelihood of a successful project completion and can provide opportunities to reduce the cost of your bond.
3. Execution of the transaction agreements
4. Issuance of the financial instrument with all applicable accompanying documents