SBA BONDING 500K
We continue to break new ground with more options, better negotiating power, and, ultimately,
the best terms & conditions.
SBA BONDING FOR PROJECTS UP TO 500K
The following is a list of information and forms necessary to set up a bond line within the SBA quick app program (No cost involved to set up or maintain) The information requested below helps the underwriters better understand you and your business as well as allows us to create solutions to your specific needs.
The SBA's quick app program is designed to give sureties an incentive to providing bonding to small businesses and thereby, assists small businesses in obtaining greater access to contracting opportunities.
REQUIRED FORMS
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Contractor Questionnaire
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SBA Form 912
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SBA Form 990a
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ADDITIONAL FORMS THAT MAY BE REQUIRED
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Personal Financial Statement
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References (This can help solidify a stronger surety relationship)
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Resumes (Providing current and previous experience detailing job size, scope, and key role)
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If you have had a bankruptcy we will need a written explanation of what led to the bankruptcy as well as a copy of BK discharge paperwork.
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CONTRACT TERMS
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Maintenance terms up to 2 years
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Performance periods up to 1 year
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LDs (Liquidated damages) up to $1,000/day
EXCLUSIONS
hazardous waste removal, timber sales & projects in progress, No previous contract defaults/ claims​
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