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Thread: SBA Program

  1. h2o
    h2o is offline Senior Member
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    SBA Program

    What is the SBA Surety Bond Guarantee Program?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Sba

    Quote Originally Posted by h2o
    What is the SBA Surety Bond Guarantee Program?
    It's a program that allows companies with not great credit get bonding - it's supported by the Small Business Administration.
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  3. h2o
    h2o is offline Senior Member
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    SBA Program

    Quote Originally Posted by Surety Queen
    It's a program that allows companies with not great credit get bonding - it's supported by the Small Business Administration.
    How do I get setup with this program?
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  4. Surety Queen
    Surety Queen is offline Surety Professional
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    Sba

    Quote Originally Posted by h2o
    How do I get setup with this program?
    You call our office and speak with the bond specialist who handles this program. You'll have a phone dialogue first to see if you qualify for the program.
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  5. Bond Magician
    Bond Magician is offline Senior Member
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    SBA Program

    Quote Originally Posted by Surety Queen
    You call our office and speak with the bond specialist who handles this program. You'll have a phone dialogue first to see if you qualify for the program.

    Can I just call SBA directly and work with them?
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  6. Surety Queen
    Surety Queen is offline Surety Professional
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    Sba

    Quote Originally Posted by Bond Magician
    Can I just call SBA directly and work with them?
    Nope, you sure can't. While it is the SBA's program, bonds are still written through a Surety company and they require working with an agent. SBA doesn't write the bonds - they just back them.
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  7. h2o
    h2o is offline Senior Member
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    SBA Program

    Quote Originally Posted by Surety Queen
    Nope, you sure can't. While it is the SBA's program, bonds are still written through a Surety company and they require working with an agent. SBA doesn't write the bonds - they just back them.
    So my surety agent would work with the SBA on my behalf? What does the SBA actually do to help me obtain bonding?
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