Federal Food Stamp Bond Guide
SuretyBonds.com offers the best service and fastest delivery for food stamp bonds in the industry. Learn how to navigate the bonding process with this quick guide.
Bond Overview
- Who Needs It: Food retailers and wholesalers with a history of Food Stamp Program violations in order to be reinstated
- Purpose: To ensure the USDA will receive all owed collections from SNAP participants
- Regulating Body: The USDA Food and Nutrition Service
- Required Amount: 10% of the average monthly SNAP benefit redemption value, with a $1,000 minimum
- Premium Rates: Typically $100 for $1,000 coverage
What Is a Food Stamp Bond?
The Food Stamp Financial Guarantee Bond is a type of license and permit surety bond required by the U.S. Department of Agriculture’s Food and Nutrition Service under the amended Food and Nutrition Act of 2008.
If a food retailer or wholesaler violates the Food Stamp Program rules and regulations, they may need to purchase a surety bond to reinstate their store.
Who Needs Food Stamp Bonds?
Food stamp bonds, or SNAP bonds, are only necessary for retailers and wholesalers who have violated program rules more than once or whose disqualification from the Food Stamp Program exceeds six months.
Such retailers can be reinstated by filing a bond with the USDA Food and Nutrition Service. This federal bond ensures the USDA that it will be able to collect and receive payments if the retailer has additional violations.
How Much Do SNAP Program Bonds Cost?
Food stamp bonds are issued for $1,000 in coverage or 10% of the average monthly SNAP benefit redemption value over the previous 12 months — whichever amount is greater.
Pricing varies based on credit score, but typically starts at $100 for a $1,000 food stamp bond.
How Fast Can I Get My Bond?
You can get your food stamp bond quickly and easily with SuretyBonds.com. Apply online now and we’ll email you a free quote within one business day. Then, you can purchase online or over the phone at any time.
The USDA Food and Nutrition Service requires physical bond delivery. We offer three-day, next-day or overnight shipping for your official bond documentation. Once you receive your bond from us, sign and file it with the USDA FNS.
How Do I Get a Food Stamp Surety Bond?
SuretyBonds.com provides the fastest and easiest bonding process for SNAP-eligible retailers and wholesalers:
- Step 1: Request a free quote online or by calling our office.
- Step 2: Pay for your bond. We offer convenient payment options.
- Step 3: Receive your physical bond form via mail and file the original document.
Use the address below to submit your bond to the USDA:
U.S. Department of Agriculture Food and Nutrition Service
3101 Park Center Drive
Alexandria, VA 22302
(703) 305-2062
Don’t wait, apply today!
