Surety company veteran Ellen Neylan founded Surety Bond
Associates in June 2001 to develop and market innovative surety services
to small, minority and women owned businesses. The company is licensed
as a surety agency, and appointed to represent a select group of surety
companies.
Surety Bond Associates is the leading provider of SBA
backed bonds in the Mid-Atlantic region. The SBA created a Surety Bond
Guarantee Program in 1971, which is designed to provide small, emerging,
minority and women owned contractors access to contract opportunities
and to assist them in getting bonds that can't be obtained through the
standard surety market. The number of small construction start-ups is
increasing at an explosive rate, and the government and private sector
are continuing to earmark spending to various minorities.
Surety Bond Associates also operates a consulting business
to develop and administer bonding and working capital assistance programs
for government agencies in an effort to support their diversity goals.
These programs are aimed at eliminating the barriers that currently exist
that prevent small contractors from actively competing for contracting
opportunities in public sector construction.
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