What does a Georgia surety company look at when underwriting a bond?

Surety bond underwriting is based primarily on the principal's credit score, financial statements, and bonding history. Creditworthy applicants (600+ score, solid financials) qualify for standard rates. Applicants with poor credit can still be bonded in most cases but pay higher rates. For large contract bonds ($500,000 or more), most sureties require CPA-prepared financial statements. The surety is effectively underwriting your financial ability to repay if the bond is called.