Surety Bond Guarantee Fee Evaluation

The SBA’s Surety Bond Guarantee (SBG) Program guarantees bid, payment, and performance bonds for small and emerging businesses that cannot obtain traditional commercial surety bonds. The SBA announced a temporary fee reduction for surety agents and firms. SBA contracted with 2M Research (2M) to evaluate the effects of these fee reductions and the implications for participating small businesses, surety firms, and agents; and to provide actionable recommendations for the SBG Program.