SBA BONDING PROJECTS UP TO 10MM

The following is a list of information necessary to set up a bond line within the SBA bond program (No cost involved to set up or maintain) The information requested below helps the underwriters better understand you and your business and allows us to create solutions to your specific needs.

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The SBA's bond program is designed to give sureties an incentive to provide bonding to small businesses and thereby assist small businesses in obtaining greater access to contracting opportunities.

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PROS to working with the SBA bond guarantee program

 

• Surety establishes qualifications 

• Bank line of credit counts as working capital. To utilize this capability, you will need a clean set of internal financials on an accrual basis. Financial Statement qualifications are listed below

• No minimum credit score is required if other underwriting criteria are met

• Bankruptcy eligible after discharge 

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What are the requirements to obtain bond support above the 400,000 (QUICK APP) with the SBA? 

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• Year-end business financial statements for the last 3 years, if applicable

• 6-month interim business financial statement if due 

• Company and Affiliate tax returns last 5 years if applicable

• Bank reference letter

• Personal financial statement for all owners  

• WIP schedule (Work in Progress)

• Contractor Questionnaire

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Request the SBA bond kit below, and a surety specialist will be in touch to guide you through the process.

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