surety bond associates

Surety Bond Associates is dedicated to assisting small, women and minority owned, and other qualified businesses apply for surety bonds. Through our affiliation with the Small Business Administration (SBA); various public agencies; and our surety partners, we provide access to the following services:

SBA's Surety Bond Guarantee (SBG) Program guarantees bonds up to $2,000,000 issued by surety companies for construction, service and supply contracts, and reimburses the surety for a percentage of the loss if the contractor defaults. Surety Bond Associates can help eligible small contractors qualify for lucrative contracting opportunities who could not otherwise compete in the traditional marketplace.

Bonding Assistance Programs - Surety Bond Associates develops and administers bonding assistance programs for government agencies that are designed to eliminate the systemic barriers that prevent small contractors from accessing the financial resources necessary to compete in public sector construction, while simultaneously assisting local government achieve their economic development goals by creating a vibrant, sustainable local construction community. Through a combination of outreach; education on bonding; and construction financial management "best practices" training; Surety Bond Associates prepares contractors to become bondable and assists them in increasing their bonding capacity.

Project Funds Disbursement Services - Approximately 80% of failed projects stem from cash flow problems, mismanagement of project funds, and diversion of project funds to non-project purposes. Surety Bond Associates offers contractors access to the leading funds disbursement providers in the surety industry, which enhance a contractor's ability to qualify for both bonding and project financing.

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Surety Bond Associates puts small businesses on the fast track to more government and private industry contract opportunities by offering the following free services:

• Online applications for surety bonds and SBA Surety Bond Guarantee Program forms make surety submissions fast and easy.

• Links to online certification services, along with leads to over $500 billion in government contracts.

• Access to business development and technical assistance services available at little or no cost to MBE, WBE and DBE contractors.

• SBA's e-Business Institute - The Small Business Training Network, sponsored by the Office of Entrepreneurial Development, is a virtual campus housing free training courses, workshops and knowledge resources designed to assist entrepreneurs and other students of enterprise.