SBA BONDING 500K
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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.
SBA Form 912
SBA Form 990a
ADDITIONAL FORMS THAT MAY BE REQUIRED
Personal Financial Statement
References (This can help solidify a stronger surety relationship)
Resumes (Providing current and previous experience detailing job size, scope, and key role)
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.
Maintenance terms up to 2 years
Performance periods up to 1 year
LDs (Liquidated damages) up to $1,000/day
hazardous waste removal, timber sales, pure demolition & projects in progress, No previous contract defaults/ claims