Small Business Administration (SBA) Surety Bond Guarantee Program

The Small Business Administration (SBA) Surety Bond Guarantee Program helps small businesses secure surety bonds, which are guarantees that they will complete projects or fulfill contractual obligations. Often, private surety companies require a strong financial track record to issue these bonds, making it difficult for some small businesses to obtain them. The SBA steps in to guarantee a portion of the bond, reducing the risk for the surety company and increasing the business's chances of getting bonded. This support helps small firms compete for larger projects and grow their operations more confidently.