SBA changes mean easier Bond approvals! Performance Bond Backing
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February 18, 2014 SBA changes mean easier Bond approvals!

The Small Business Administration (SBA) has amended their Surety Bond Guarantee Quick Program, now including a wider variety of projects. Contracts $250,000.00 and under may now be considered with up to a 2 year maintenance period and/or up to $1,000.00 in liquidated damages. Previously, the Quick Program was limited in these regards.

There is no credit score minimum that disqualifies a contractor from this program if other underwriting criteria are met. This is a good way to develop a bond history for a contractor and prepare the contractor for larger bonded projects.

Call Integrity Surety with you questions regarding anything Surety related, including the SBA programs Big or Small!