Surety Bond Guarantee Program Inventory DescriptionSmall Business AdministrationSBA_4c576d9e-8228-11e0-a7e3-d3267a64ea2a78d4c946-cfc5-4b4f-b238-3d1061ea24f8e03f8581-f210-404a-9dfb-f65a80c555e3Surety Bond GuaranteesGuarantee bid, payment, and performance bonds on contracts up to $6.5 million for small and emerging contractors who cannot obtain surety bonds through regular commercial channels. e7f352f5-bd42-4dbf-b75b-4455e97cf61cUnder the Surety Bond Guarantee program, the SBA guarantees bid, payment, and performance bonds on contracts up to $6.5 million for small and emerging contractors who cannot obtain surety bonds through regular commercial channels. SBA can guarantee a bond for a contract up to $10 million if a Federal contracting officer certifies that SBA’s guarantee is necessary for the small business to obtain bonding. The SBA guaranty gives sureties an incentive to provide bonding for eligible contractors and thereby increases a contractor’s access to contracting opportunities. Under the surety guaranty, an agreement between a surety and the SBA, the Agency assumes between 70 percent and 90 percent of the loss in the event of contractor default.Small Contractorswho cannot obtain surety bonds through regular commercial channels.BeneficiaryEmerging Contractorswho cannot obtain surety bonds through regular commercial channels.BeneficiaryBusinesses & JobsGrow businesses and create jobscece00e3-5050-40f6-b0d7-307c764ff46f1This program supports strategic Goal 1 - Growing businesses and creating jobs8ae88993-ef63-4201-aaf9-f29296136902CapitalAccess_4c5774e2-8228-11e0-a7e3-d3267a64ea2aSupportsObjective 1 - Expand access to capital through SBA's extensive lending networkTBD97cc3287-68bf-456e-90e1-635996f22fc7OutreachStrength_4c57a606-8228-11e0-a7e3-d3267a64ea2aSupportsObjective 6 - Strengthen outreach to underserved communities and underserved populationsTBD2013-06-25http://www.sba.gov/sites/default/files/files/SBA%20Program%20Inventory.pdfOwenAmburOwen.Ambur@verizon.net