Can low net worth prevent contractors from getting bonded?
Net worth and working capital are the two primary factors that traditional surety companies look at first when evaluating a contractor for bonding.
But what if you have low, or no, net worth?
The Surety Bond Guarantee Program, or SBG, might just be the solution you’re looking for.
Learn more in this 90-second video from Gemma Fendler, SBA/SBG Specialist at Anderson & Catania Surety Services, LLC.
Do you have questions about the surety bonding process and how to manage your current low-net-worth situation? The surety pros at Anderson & Catania are waiting for your call.
Anderson & Catania is a nationally authorized agent for the U.S. SBA Surety Bond Guarantee (SBG) Program. Call us today & let’s talk about your surety bonding requirements!
#SuretyBond #bonding #SBA #GovCon #FederalContracts #BidBond #PerformanceBond #PaymentBond