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Financial Assistance

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All businesses require money to get off the ground and to continue to grow. SBA&#39;s resources help you research loan programs, explore options around export financing, learn more about Small Business Investment Companies (SBICs), and determine if surety bonds are ideal for your situation.&nbsp;</p>

A surety bond is an instrument that is signed by the Principal (or Contractor) and the Surety Company in order to protect the interests of the Obligee (the buyer, or party issuing the contract) in the event the Principal defaults on the contract. A surety bond is acquired by the Principal from the Surety Company for a fee, as a sort of insurance policy to protect the Obligee. If the Principal defaults, the Surety Company steps in to ensure the contract is completed.

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