contract bond
Agent’s Guide to the SBA Surety Bond Program
Agent’s Guide to the SBA Surety Bond Program What is the SBA Surety Bond Program? The SBA’s Surety Bond Guarantee Program helps small contractors, who would otherwise not be approved by a Surety company, obtain bonding. This program provides an outlet for these contractors to obtain a bonding line for projects up to $6.5M by …
What is a contract bond?
What is a Contract Bond? Also known as a “performance bond,” the contract bond is essentially a guarantee that the contractor will properly execute and finish their project (like building a bridge or house or road for example). A way to think about it, is that it’s “good faith money”, which is there to protect …
