If the applicant chooses to post a surety bond, letter of credit or If the applicant does not file a financial statement, the Department may not issue a: Type A license if the applicant posts an amount less than $15,000; Type B license if the applicant posts an amount less than $35,000; and Type C or D license if the applicant posts an amount less than $100,000. If the applicant chooses the posting option, he shall: Show the same name for the following matters: The named applicant, in his grain dealer's license application, The named principal, if he posts a surety bond, or The named obligor or guarantor, if he posts either an irrevocable letter of credit or cash guaranty; Name the Maryland Department of Agriculture as the obligee or as the beneficiary of the surety bond, irrevocable letter of credit or cash guaranty.