Your Local SBA

Surety Bond Guarantee Program
Seattle Bond Office

 

Program Summary

The Surety Bond Guarantee Program provides small and minority contractors with contracting opportunities for which they could not otherwise compete. By law, prime contractors to the federal government must post surety bonds on most federal construction projects valued at $100,000 or more. Many state, county, municipal and private-sector contracts also require bonding, but small and minority businesses many not be able to obtain bonds through regular commercial channels.

 

Through this program, the U.S. Small Business Administration can guarantee bid, performance and payment bonds for contracts up to $2.0 million for eligible contractors with average annual revenues of up to $6.5 million annually over 3 years.

 

The Seattle Bond Office processes applications for bond guarantees on behalf of contractors domiciled in 8 western states, 13 southern states & Guam.

 

 

Program Specifics

      
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 As of 09/16/2009