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Surety Bond Associates
(the "Company") was founded 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 select surety
company writers. The Company was formed in June of 2001 by Ellen M. Neylan,
an 18-year surety veteran and entrepreneur. Not only does Ellen have significant
surety industry experience, but she also has strong ties to the SBA and
other organizations providing resources to small businesses.
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 is continuing to earmark spending to various minorities. The private sector is also more involved in diversity programs, and the SBA reports private construction projects are frequently requesting bonds.
Through the Company's website, registered members will enjoy the convenience of filling out the standard surety application and all relevant SBA required documents online. These and many other surety company forms will also be available for immediate download from the website. To further streamline the process, the Company will determine from the surety application whether a contractor may qualify for one of many surety LowDoc programs.
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