Did you know that before you can obtain your General Contractor license in the state of Florida, you must provide a personal and commercial credit report to prove financial responsibility and stability?
At Contractor Reporting Services, our Credit Report Services provide the appropriate paperwork to show your financial stability to the state in order to receive your General Contractor license and begin your career. Our staff is highly trained and experienced in making sure that your General Contractors license process is completed efficiently and void of most unforeseen obstacles. Our goal is to help you start your career as a General Contractor in Florida in a timely manner.
According to the Florida state law, there are several components that need to be checked in order to deem you financially responsible before you can obtain your General Contractor license.
We understand that your personal credit report needs to meet the FICO 660 score requirements. In the event that you do not have a 660 or higher FICO credit score, there are still ways to establish your financial stability even without meeting this component of the requirements.
First, we will contact you directly if your credit score does not meet the 660 requirements before submitting your credit report to the DBPR or County Licensing Board. The required statement that "A search of Public Records have been performed at the Local, County, State and Federal levels" will be included in the credit reports.
Then, you may still prove financial stability by obtaining a licensing bond or letter of credit in the amount of $20,000 for Division I Contractors or $10,000 for Division II contractors (source: Florida Department of Business and Professional Regulation).
With over 50 years of experience helping contractors get licensed, CRS is here to help you succeed!
Ready to start? Give us a call at 1-800-487-2084
Get the reports you need to show your financial stability to the state of Florida in order to obtain your General Contractor license.
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