Frequently asked questions

A surety is an undertaking under which one party guarantees certain obligations of another party to a beneficiary, subject to the terms of the surety agreement or bond.

A loan and a surety are different products. Avila provides surety solutions. When financing is associated with a transaction, it may be provided by a separate financial institution or lender.

For individual programs, Avila does not provide surety directly to the public. Applications must be submitted through a participating partner.

No. Multiple factors may be considered, including income, obligations, financial stability and banking activity.

Not necessarily. Decisions depend on the applicable program and the overall assessment.

Depending on the program, identification, banking, employment, financial or corporate documentation may be required.

Yes, subject to available programs and the eligibility of the contractor and project.