The Small Business Administration (SBA) announced last month that it was extending surety bond guarantees to federal contracts of up to $10 million. That’s up $5 million from its previous threshold, implemented in March 2009 and slated to run through September 2010 on all public and private contracts.
Does your small business qualify for the SBA’s new surety bond guarantee? Here are some facts about the program.
Related Resources:
- Surety Bond Guarantee E-application (E-app) System - New (SBA.gov)
- SBA Offers $10 Million Surety Bond Guarantee (SBA News Release)
- SBA Office of Surety Guarantees (SBA.gov)
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