Quick App- Making it Easier & Faster for Construction Businesses to Compete for Contracts

The health and success of the construction industry is critical to our nation’s economy. SBA knows that we must do all we can to make sure this sector grows, compete for contracting opportunities and create jobs. That is why SBA is proud to announce our new “Quick App” for surety bonds.  This new application process combines two applications into one to make it easier and faster for small businesses and contractors to compete for contracts.

The new application allows the SBA to evaluate risk by asking the contractor to submit a list of the three largest jobs completed in the last five years. The streamlined application reduces paperwork for both contractors and surety companies and speeds up the approval process. The new changes also make minor administrative adjustments to the Surety Bond Guarantee program to clarify procedures and fee payments. The new form is available at http://www.sba.gov/content/introducing-sbas-quick-bond-application.

President Obama has said that when small businesses succeed, America succeeds. At the SBA, we’re equipping small businesses and contractors with the tools they need to lead our nation to recovery and create an American economy built to last.

For more information on SBA’s Surety Bond Guarantee program, including Surety Office contacts and previous blogs on the program, visit http://www.sba.gov/osg/, or call 1-800-U-ASK-SBA.

About the Author

Marie Johns is Deputy Administrator of the U.S. Small Business Administration. She is responsible for management and oversight of the agency, and leads the agency’s efforts to reach underserved communities.