A Scrap Metal Business Bond is a $10,000 guarantee required by the State of Washington for anyone who buys, sells, or processes scrap metal. This bond protects the public and government by ensuring scrap metal dealers follow state laws, keep proper records, and operate honestly. If a dealer breaks the rules or causes …
Overview
What it is.
A Scrap Metal Business Bond is a $10,000 guarantee required by the State of Washington for anyone who buys, sells, or processes scrap metal. This bond protects the public and government by ensuring scrap metal dealers follow state laws, keep proper records, and operate honestly. If a dealer breaks the rules or causes …
Who usually needs it
Scrap metal recyclers and scrap metal processors in Washington state who collect, process, or resale scrap metal materials must obtain this $10,000 bond to legally obtain or maintain a scrap metal recycler license, as required by the Washington Department of Licensing.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWABond amount$10,000ObligeeState of Washington xxxxBond classLicense BondCategoryOtherBondScrap Metal Business BondPlain descriptionA Scrap Metal Business Bond is a $10,000 guarantee required by the State of Washington for anyone who buys, sells, or processes scrap metal. This bond protects the public and government by ensuring scrap metal dealers f…Who needs this bondScrap metal recyclers and scrap metal processors in Washington state who collect, process, or resale scrap metal materials must obtain this $10,000 bond to legally obtain or maintain a scrap metal recycler license, as r…
