SBA Surety Bond Guarantee Program
Is My Bank Line of Credit Counted As Working Capital In The Surety Bond Underwriting Process?
As a surety broker, we’re often asked about how having a commercial bank line of credit can help contractors grow their bonding capacity. Working capital is always a key consideration when a surety company considers extending bonding credit to a contractor. And if you have line availability on your commercial bank line of credit, you…
Read MoreDoes the SBA Surety Bond Guarantee Program (SBG) Evaluate Working Capital the Same Way as Traditional Surety Bonding Companies?
The need for surety bonding is a critical necessity for contractors to participate in government and commercial contracting at all levels. But how can small and mid-sized contractors get bonded when traditional Surety Companies say no? The good news is there are some exceptional Federal programs available for contractors who lack experience with surety bonding…
Read MoreDoes an SBA-guaranteed surety bond replace the need to work with a traditional surety company?
What you need to know about the SBA’s Surety Bond Guarantee Program, aka the SBG. The SBG program is highly beneficial as it enables contractors to obtain surety bonding for projects that would typically not be available to them. The SBG program is an excellent program for contractors and surety companies alike. Find out why…
Read More