SBA Bond Program
The SBA Bond Guarantee Program is administered by the US Small Business Administration, and offers 80% or 90% guarantees of surety bonds written in the program up to $6,500,000. The program is designed to cover bid and performance & payment bonds for new and small contractors who cannot obtain surety bonds through the standard surety market. Certain financial restrictions apply; however, participation in this program can allow contractors to gain experience in performing larger bonded work than previously handled.
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