Small Business Administration (SBA) Surety Bond Guarantee Program
What is the Surety Bond Guarantee Program (SBG Program)?
The program allows small contractors to qualify for surety bonds on projects with a total project cost of up to $6.5 million. The purpose of the SPG program is to "set aside" funding for minority owned businesses, increase surety bond capacity for growing contractors, and make surety credit available to contractors who would otherwise not qualify for bonds in standard surety markets.
Features of the Application Process for the SBG Program
We have automated the bond contracting app and included the SBA’s application criteria which will automatically detect if the applicant qualifies for the SBG program and collect all information needed to instantly quote and issue surety bonds with limits of up to $1 million.
Ready to apply? Click here or the link in the right-hand margin to access the online application.
If you have any questions during the application process, please call us so we can help you navigate the application.