Surety Bond Guarantee/SBA/small contractors/bid, performance and payment bonds/bonding/contract surety bonds/Neill Bonding & Insurance

 

For more than 30 years, the U.S. Small Business Administration’s (SBA) Surety Bond Guarantee (SBG) program has helped small and emerging contractors who have the knowledge and skills necessary for success, but lack the combination of experience and financial strength to obtain bonds through regular commercial channels. SBA guarantees bid, performance, and payment bonds issued by surety companies to small and emerging contractors and reimburses the surety a percentage of loss if the contractor defaults. This government guarantee allows sureties to write bonds for contractors who would not otherwise meet their minimum standards – thus providing small and emerging contractors with contracting opportunities for which they would not otherwise qualify.

Information proivded by Surety Information Office

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