The SBA Bond Guarantee Program

Unlocking Opportunities for Your Bonding Program

Are you an emerging contractor seeking to grow your bonding program? Look no further than the SBA Bond Guarantee Program. Here are some key highlights that will ignite your ambition:

  1. Doubling your bonding program: With the SBA's support, your bonding program is doubled, giving you the extra boost you need to take on larger projects and expand your horizons.

  2. Utilizing your bank line of credit: The SBA counts and adds the unused amount of your bank line of credit to your bonding program, increasing your capacity and flexibility.

  3. Support for contractors with credit challenges: The SBA understands that everyone faces unique circumstances. Whether you've experienced personal credit issues, tax liens, or bankruptcies, we are here to be your advocate and find a solution tailored to your needs.

  4. Strong project guarantees: The SBA guarantees your projects by up to 80%, and if you are a minority-owned business with proper certifications (such as 8a or WOB,etc.), the guarantee can reach 90%. The remaining portion, 20% to 10%, is guaranteed by the surety company. This compelling guarantee enhances your chances of the surety company approving your program.

  5. Ample capacity parameters: Private projects up to $6.5 million and federal contracts up to $10 million fall within the SBA's capacity parameters, providing you with the opportunity to tackle substantial ventures.

  6. Fee disclosure: It's important to note that utilizing the SBA's services incurs a fee equal to 0.06% of the contract amount requested for the bond. This fee is payable upfront before we can issue any bonds, ensuring a smooth and efficient process.

Trust in our expertise and the SBA Bond Guarantee Program to empower your growth. Take action today by reaching out to us and seizing the opportunities that await. 

Disclaimer: The SBA Bond Guarantee Program offers incredible opportunities for your bonding program; however, eligibility and specific terms are subject to SBA guidelines and approval. Please contact us for personalized assistance and further details on how we can support your unique needs.