SBA BOND PROGRAM

FOR CONTRACTORS

The SBG program is a great bonding resource we provide for contractors who may have difficulty getting bonded in a standard market. Below is a brief overview of the requirements needed for obtaining bonds with the SBA. Every contractor's situation is different. For a more comprehensive understanding please contact our bond specialist to understand how the requirements relate to your situation and how to begin the process.

  1. Good character

  2. Reasonable expectation of successful completion 

  3. U.S. for-profit entity with legal U.S. owners Eligible to do business with the federal government

  4. Not involved in bankruptcy - SBA eligible after final discharge

  5. Current on taxes & repayment agreements 

  6. The bond amount cannot exceed the contract amount 

  7. A bond requirement in bid/contract documents 

  8. Maintenance terms up to 2 years - no special consideration/Longer terms considered if standard/statutory 

  9. All eligible contracts must be submitted for SBA guarantee 

  10. No restriction on program participation length 

  11. Ineligible bond types: bid bonds where the project has bid, substantially or completed projects, stand-alone maintenance, subdivision, mining reclamation, commercial & fidelity bonds 

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Exclusions:

hazardous waste removal,  timber sales, pure demolition & projects in progress

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SBA QuickApp requirements for projects up to $400,000 

  1. • 2-page application

  2. • Decisions in hours

  3. No financials/ WIP 

  4. No aggregate limit with SBA 

  5. Surety establishes qualifications 

  6. Maintenance terms up to 2 years 

  7. Performance periods up to 1 year

  8. LDs up to $1,000/day 

  9. No previous contract defaults/ claims 

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Up to $6.5 Million Any Project

  • Any Project Federal, State, Local, Private & GC 

  • Year-end business financial statements last 3 years 

  • 6-month interim business financial statement if due 

  • Company and Affiliate tax returns last 5 years if applicable

  • Bank reference letter

  • Personal financial statement  

  • WIP schedule 

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Up to $10 Million Federal Contracts 

  • With Contracting Officer certification to SBA 

  • Year-end business financial statements last 3 years 

  • 6-month interim business financial statement if due 

  • Company and affiliate tax returns last 5 years if applicable

  • Bank reference letter

  • Personal financial statement  

  • WIP schedule 

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Surety Bond Specialist

Whether getting CONSTRUCTION BONDS is easy or challenging, with the strong relationships we’ve built over the years we make sure you get the best contract and commercial surety the market can deliver. With over 80 SURETY PARTNERS we have access to the key decision-makers for all 50 states and know what they are looking for and how to position and present surety requests to get you the BEST RESULTS for your situation. NEVER MISS AN OPPORTUNITY!

(877)914-0909

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