A new presentation created by the SBA has recently been added to SuretyLearn.org to educate small and emerging contractors on the U.S. Small Business Administration Surety Bond Guarantee Program for Small Businesses.
This PowerPoint presentation describes the basics of surety bonds and how a construction company can obtain a bond by participating in the U.S. SBA Surety Bond Guarantee Program. The presentation addresses the bonding process and the characteristics of firms that qualify to participate in the SBA Program, the SBA Program’s bond application process including the QuickApp system, and the SBA fees i.e. the contractor’s bond costs that can be paid electronically through the Pay.Gov system. It concludes with information about how to locate an SBA bond producer and the SBA Program’s primary contacts. The presentation can be found here.
The SuretyLearn.org website orients small and emerging contractors to the basics of bonding and of what is needed to achieve surety credit. Resources at the website include a link to an online bonding orientation course; informative articles, checklists, questionnaires and PowerPoints; links to government agencies and pertinent assistance programs; and a directory of service providers who specialize in serving these contractors.