A guarantee tailored to your sector.
European countries covered through a single broker.
maximum turnaround time.
specialised in surety bonds. Surety only.
The bank takes time. The contract won't wait.
Every time you need a guarantee, you start from scratch with your bank. Documentation, signatures, delays. Weeks you simply don’t have.
Meanwhile, the bank guarantee ties up capital, uses up banking capacity and limits your ability to bid for new opportunities. All this for a guarantee that is not a loan.
Many companies that participate regularly in public tenders have missed opportunities due to delays in obtaining bank guarantees. There is a solution.
Impossible deadlines
The bank needs 2–3 weeks. The tender requires the guarantee within 5 days.
Capital tied up
A bank guarantee ties up funds that could otherwise be used in your day-to-day operations.
Banking capacity consumed
Every bank guarantee uses part of your banking capacity. Capacity you may need for financing, growth and future projects.
Limited European reach
Your local bank cannot always issue guarantees across Europe.
Which sector do you operate in?
We know your sector inside out. Every guarantee we arrange is tailored to the specific requirements of your industry.
Don’t see your activity listed? We work across many other sectors with specialised guarantee requirements.
Tell us about your case.
From application to bond issuance in 4 steps
No endless forms. No unnecessary meetings. No surprises.
Tell us
what you need
A message, a call or the contact form. Send us the tender document or contract requiring the bond.
- DAY 1
We assess your application
Our team reviews your case and requests any documentation needed to understand every detail.
- 24-48h
You receive clear conditions
No small print. Premium, duration and bond conditions. You decide with no obligation.
- 48-72h
We arrange
issuance
Your bond is issued and ready for submission. No office visits. Nothing more required from your side.
- Within hours
Companies operating without bank guarantees.
Over 1,200 companies across Europe trust Sammy Free to manage their surety bond needs.
+1200
Companies
30
European countries covered
72h
maximum turnaround time
100%
specialised in surety bonds
What you gain when you leave the bank behind.
Obtain the guarantee for your contract without compromising your solvency, keeping your liquidity intact.
Your liquidity, intact
No financial resources are tied up. The money stays in your account doing what it should: financing your business.
Response in 48-72h
A single signature for all your markets. We do not miss deadlines. When the specifications require 5 days, we deliver in 3. Study, response and issuance.
Coverage in 30 countries
A single relationship with Sammy Free covers you in any country of the European Economic Area. Without looking for a local broker every time.
Off the Bank Risk Report
The surety bond does not count as bank risk. Your rating and your financing capacity are not affected.
Specialists, not generalists
We only do surety bonds. Not car insurance, not life, not home. Only surety bonds. This focus makes the difference.
Plafond: issue without waiting
With your pre-approved line you can issue new guarantees in a matter of hours. One analysis a year, unlimited tenders.
What documentation is required to apply for a surety bond?
The documentation required varies depending on the insurer and the type of operation, but generally includes information on the company’s financial, fiscal and legal situation, together with documentation related to the contract or tender (specifications, award notice, etc.).
How Much Does a Surety Bond Cost?
The cost of a surety bond depends on several factors that determine the level of risk involved:
- The company’s financial strength
- The type of bond required (bid bond, performance bond, advance payment bond, etc.)
- The amount and duration of the bond
- The company’s track record
- The country where the bond will be issued
- The company’s technical and operational capacity
- Market conditions
If you would like to learn more, read our article on the factors that influence surety bond pricing.
Can a surety bond replace a bank guarantee?
Yes. Both surety bonds and bank guarantees are valid instruments for securing a contract, and either can be used.
The key difference lies in the financial impact on your business:
- Bank guarantee: uses part of your banking capacity and ties up liquidity or assets as collateral.
- Surety bond: does not affect your banking capacity and does not tie up capital.
Discover all the advantages of surety bonds compared with traditional bank guarantees.
How long does it take to issue a surety bond?
It depends on whether you already have a Plafond (pre-approved bonding facility) in place with the insurer or not:
- With a Plafond line: issuance is same-day, as the company has already been assessed and approved.
- Without a Plafond line: the required documentation must be submitted (financial statements, legal documentation, tender documents, etc.). Once received, you will normally receive a quotation within 48 hours.
Do you also arrange guarantees between private companies?
Yes. Surety bonds can be used both in contracts required by public authorities and in agreements between private companies.
- With public authorities: they are required by law to accept a surety bond as a valid form of guarantee, unless the tender documents state otherwise.
- Between private companies: both parties must agree on the type of guarantee accepted. Both a surety bond and a bank guarantee are acceptable where there is mutual agreement.
What types of guarantees do you arrange?
We arrange all types of surety bonds. The most common are:
- Bid Bond: to participate in public tenders and procurement processes.
- Performance Bond: to guarantee performance of the contract once awarded.
- Advance Payment Bond: when a company receives an advance payment and must guarantee its repayment if contractual obligations are not met.
- Maintenance Bond: provides cover during a defined period after completion, ensuring that the works have been carried out correctly and covering potential defects in materials, workmanship or design that may arise at a later stage.
- Retention Bond: replaces amounts retained by the contracting authority until completion of the contract. It avoids the retention of funds from certified interim payments due to potential defects.
If your situation does not fit exactly into any of these categories, contact us with no obligation and we will find the most suitable solution for you.
Your next guarantee shouldn't lock up any of your treasury
Tell us what you need. We analyse your case, tell you whether we can help and send you the conditions. No study costs. No pressure.