SBA.gov » About SBA » SBA Newsroom » Press Releases & Media Advisories » Take advantage of SBA's free Surety Bond webinar
Take advantage of SBA's free Surety Bond webinar
Tuesday, June 14, 2011
Tuesday, June 14, 2011
Get crucial knowledge of the SBA Surety Bonds program during a free online webinar Thursday, June 23, 2011 from 2-4 p.m. CST.
Webinar topics include a Surety Bond Overview, eligibility, bond guarantee application & fees, participating Surety Companies and agents by state, and an opportunity to get answers to your questions.
Our Surety Bond Guarantee program can guarantee bid, performance and payment bonds for individual contracts of $2 million or less for small and emerging contractors who cannot obtain surety bonds through regular commercial channels.
There is no limit to the number of bonds that can be guaranteed for any one contractor. SBA's guarantee gives sureties an incentive to provide bonding for eligible contractors, and thereby provides greater access to contracting opportunities. A surety guarantee, an agreement between a surety and the SBA, provides that SBA will assume a predetermined percentage of loss in the event the contractor should breach the terms of the contract.
Any Federal Construction contract valued at $100,000 or more requires a surety bond as a condition of contract award. Many service contracts, and occasionally, supply contracts, also require surety bonds. The SBA provides surety bond guarantees for qualified small businesses in direct partnership with surety companies and their agents
Who should join this webinar? Contractors including Small Disadvantaged Businesses, Women Owned Small Businesses, HUBZone Firms, 8(a) Contractors, and Veteran Owned Small Business Contractors.
To access the webinar, log on to www.readytalk.com, and use the access code: 3076702. Then, call in at: (866) 740-1260, and use the access code: 3076702. Access to the call is limited, so register by the close of business June 22.
For more details, please call Nancy Scheuerman at (316) 269-6566, ext 211.
All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made if requested at least two weeks in advance.