SBA Program

[h2o]

What is the SBA Surety Bond Guarantee Program?

[Surety Queen]

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.

[h2o]

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?

[Surety Queen]

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.

[Bond Magician]

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?

[Surety Queen]

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.

[h2o]

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?