The Small Business Administration’s (SBA’s) Surety Bond Guarantee Program was designed to increase small businesses’ access to federal, state, and local government contracting, as well as private-sector contracts, by guaranteeing bid bonds, performance bonds, and payment bonds for individual contracts of $2 million or less for small businesses that cannot obtain surety bonds through regular commercial channels. A major revision in the Surety Bond Guarantee (SBG) Program more than triples the eligible contract amount, from $2 million to $6.5 million. Additionally, the changes also allow SBA to guarantee bonds for government contracts valued at up to $10 million if a contracting officer of a federal agency certifies that the guarantee is necessary for the small business to obtain bonding, and it is in the best interests of the Obligee. Surety One, Inc., provides contractors a highly responsive and attentive staff of underwriters to aid access to the SBA program. For more information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com.
