The SBA Surety Bond Guarantee Program has backed over $7 billion in contract bonds annually for 50+ years, helping small businesses compete for larger contracts by increasing their bonding capacity and lowering working capital needs. Applications are handled electronically with fast decisions through local SBA offices or authorized surety agents.
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Small businesses are a critical part of the US economy, and through the SBA's surety bond guarantee Program, we help small businesses at various stages. Emerging businesses that need contract surety bonds but may be new to bonding, as well as established businesses looking to increase their current bonding limits and capacity. For over 50 years, SBA's surety bond guarantee Program has been a trusted program creating access, opportunity and stability for thousands of small businesses needing surety bonds, as in more than $7 billion a year in contract bonds. If you own a small business in construction or service industry and require a contract surety bond with SBA guaranteed bonds, your working capital requirements are lower and your bond capacity is increased. The result? You compete for larger contracts or build your business as a prime contractor. Who benefits when small businesses get access to surety bonds? We all do. With access to bonds and increased bonding limits, small businesses grow. And that growth has ripple effects such as hiring employees from local communities and contributing to the national economy. Convenience, not hassle the program has low barriers to entry. It's easy to use, the entire process is electronic and you receive fast decisions within hours for smaller contracts and less than two days for large dollar contracts. Sound like a program for you? Reach out to your local SBA district office to learn more or take the first step to apply for the program by connecting with a surety agent authorized to issue SBA guaranteed bonds. Find a surety partner@sba.gov osg because at SBA, we make small business our business.
