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Small Loan Endorsement Bond

Any person or business licensed as a check casher who obtains a small loan endorsement (payday lender) or any person licensed to sell checks, drafts, or money orders. Required when: Before the Director of the Department of Financial Institutions grants a license to sell checks or a small loan endorsement. Exemptions: …

Bond amount$10,000
State or jurisdictionWashington
ObligeeWashington State Department of Financial Institutions (DFI)

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: $10,000. Other available requirements: "For a small loan endorsement, the bond amount is $10,000 for the first location plus $1,000 for each additional branch office. For check sellers, the bond is based on the highest monthly liability: up to $50,000 liability requires a $10,0…. Exact options still depend on the obligee, state, and underwriting.

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2323 yearsHelping clients and agents
Overview

What it is.

Any person or business licensed as a check casher who obtains a small loan endorsement (payday lender) or any person licensed to sell checks, drafts, or money orders. Required when: Before the Director of the Department of Financial Institutions grants a license to sell checks or a small loan endorsement. Exemptions: …

Who usually needs it

Any person or business licensed as a check casher who obtains a small loan endorsement (payday lender) or any person licensed to sell checks, drafts, or money orders.

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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