Resume?

[grasshopper]

I was applying for my Used Auto Dealer Bond and was asked for a resume, what is this for and what exactly are they looking for?

[Bond Magician]

Originally Posted by grasshopper

I was applying for my Used Auto Dealer Bond and was asked for a resume, what is this for and what exactly are they looking for?

Basically, the surety company wants to know what type of experience you have, so you will need to submit a resume outlining any past experience in field. The more experience you have, the more it will help you when submitting it to the surety company.

[grasshopper]

What if I only own a majority with my partner? I am here because I can help with the funding and my partner has all the experience. Will that have an effect on the premium?

[h2o]

Originally Posted by grasshopper

What if I only own a majority with my partner? I am here because I can help with the funding and my partner has all the experience. Will that have an effect on the premium?

Both you and your partner should provide a resume. You may want to include a note on each explaining each of your roles in the company as well. I don't think this would adversely affect your approval, since one of you has experience.

[grasshopper]

What if the score is great, good liquid assets but dosen't own real estate?

[lifeisgood]

Good credit score and liquid assets are certainly a plus - but owning real estate is more solid as the liquid assets could be gone tomorrow.