For all contracts and subcontracts up to $6.5 million, the SBA guarantees bid, payment, performance, and ancillary bonds issued by surety companies. For federal contracts up to $10 million, the SBA makes a guarantee if it’s in the best interest of the government.
The SBA reimburses surety companies in case of default 90% of losses sustained for veteran & service- disabled veteran, minority, 8(a), and HUBZone-certified small businesses, and all projects up to $100,000. The SBA reimburses 80% for all other small businesses.
Need a surety bond guarantee fast?
For contracts under $400,000, the process is streamlined using the SBA QuickApp program. » easy application » no need to submit financials to the SBA » online applications submitted to SBA authorized agents approved within hours
Ready to start? The SBA partners with 40 surety companies and hundreds of bonding agents. Find authorized agents at sba.gov/osg . Do you want to discuss the advantages of the SBA Surety Bond Guarantee program? Contact a bonding specialist:
Tamara E. Murray Denver, CO (303) 927-3479
Jennifer C. Bledsoe Washington, DC (202) 205-6153
Office of Surety Guarantees (202) 205-6540
Made with FlippingBook Learn more on our blog