In addition to meeting the bonding qualifications of the participating surety, a contractor applying for an SBA bond guarantee must meet the following requirements:

• For federal prime contracts, the company must meet the small business size standard specified for that procurement. The size standard for heavy and civil construction is $31 million in average annual receipts (except dredging, which is $18 million). If the contract is for one of the specialty trades, the size standard is $13 million. Size standards for providing services range as high as $32.5 million in annual receipts. All other prime contracts and subcontracts for construction, service or supply (e.g., commercial, state and local) qualify for surety bond assistance if annual receipts do not exceed the $7 million standard.
• For all contracts, your company and its affiliates must meet the small business size standard for the North American Industry Classification System (NAICS) Code that the federal contracting officer specified for that procurement. For more information, go to Size Standards.