SBA Triples Surety Bond Guarantee Ceiling; Helping Small Businesses Secure Larger Contracts and Grow
A major revision in the U.S. Small Business Administration’s Surety Bond Guarantee (SBG) Program more than triples the eligible contract amount, from $2 million to $6.5 million, the Agency will guarantee on surety bonds for both public and private contracts. The higher surety bond guarantee limits are expected to help construction and service sector small…