SBA Surety Bond Guarantee Program Helps Small Businesses Win Over $6.1 Billion in Contracts in FY 2013
With the help of the Small Business Administration’s Surety Bond Guarantee Program small construction firms were awarded in fiscal year 2013 more than $1.2 billion in contracts. This number represents a 61 percent increase over fiscal year 2012. SBA also guaranteed bonds for public and private contract bids valued at $4.9 billion, resulting in a…