The SBA Bond Program guarantees 90 percent of the losses incurred on 1) contracts up to $100,000, and 2) on contracts awarded to the following types of businesses:
Socially and economically disadvantaged small businesses
Historically Underutilized Business Zones (HUBZone) Program small businesses
8(a) Business Development Program small businesses
Veteran or Service-Disabled Veteran-Owned small businesses
SBA offers an 80% guarantee on bonds for all other individual contracts up to $6.5 million in value or up to the $10 million if a Federal Contracting Officer certifies that SBA’s guarantee is necessary for the small business to obtain bonding.
Your business must not be able to secure a surety bond without the SBA guarantee program.
Your contract or subcontract must be valued at $2 million or less.
Your business must be independently owned and operated.
Your business must qualify as “small” under federal regulations.
Bonding for MBE, DBE and minority own business owners continues to be the #1 obstacle to getting on the job site. We welcome the opportunity to work with your business or your subcontractors to get on the job site. Use our 17 of experience to position yourself for future work.
|| Jeff S. Jenkins. CEO
The Jenkins Agency Inc.
1161 Corporate Dr. #306
Arlington, Texas 76006