Bonding can open new doors of opportunity

Hodgman, Bruce
January 2008
Inside Tucson Business;1/14/2008, Vol. 17 Issue 31, p19
The article discusses the benefits offered by the Surety Bond Program of the Small Business Administration (SBA) to businesses in the U.S. According to the author, the program can help small business contractors and manufacturers overcome challenges they face in obtaining government contracts and private-sector contracts. Bid, payment, and performance are the three types of bonds. He mentioned that bid bond guarantees a bidder that it can enter into a contract and furnished the required payment.


Related Articles

  • Effective immediately.  // Long Island Business News (7/1993 to 5/2009);07/13/98, Vol. 45 Issue 28, p1C 

    Reports that the United States Business Administration has ordered fee reductions for its Surety Bond Guarantee Program following years of declines in claims and increases in recoveries.

  • SBA Issues Direct Final Rule Regarding Surety Bond Guarantee and Preferred Surety Bond Programs.  // Contract Management;Aug2001, Vol. 41 Issue 8, p44 

    Reports the issuance of a final rule regarding surety bond guarantee and preferred surety bond programs by the U.S. Small Business Administration (SBA). Increase in the contract amount eligible for SBA-guaranteed bonding; Extension on the duration of the Pilot Preferred Surety Bond; Publication...

  • SBA triples surety bond contract amount.  // Toledo Business Journal;Mar2013, Vol. 29 Issue 3, p10 

    The article focuses on the decision of the Small Business Administration (SBA) of the U.S. to triple its surety bond guarantee limit from two to five million dollars.

  • SBA program increases access to surety bonds.  // Business Journal (Central New York);02/12/99, Vol. 13 Issue 6, p16 

    Provides an overview of the United States Small Business Administration's Preferred Surety Bond Guarantee Program, known as PSB program or Plan B. Features; Benefits for companies; Contact information for the Surety Information Office.

  • Recovery act gives SBA tools to boost small businesses. Paprocki, Bernard J. // Business Journal (Central New York);5/1/2009, Vol. 23 Issue 18, p13 

    The article reports on the importance of the American Recovery and Reinvestment Act in the programs of Small Business Administration (SBA) in the U.S. It is said that the Recovery Act will give SBA with $375 million to eliminate loan fees and raise guarantee limits. It will permit SBA to double...

  • Industry Cheers Easier Access to Surety Bonds. Parsons, Jim // ENR: Engineering News-Record;3/30/2009, Vol. 262 Issue 10, p12 

    The article reports on the response of U.S. construction industry groups to the Obama administration's plans to free up credit markets for small businesses by temporarily increasing federal guarantees on Small Business Administration (SBA) loans to 90%. The plan, which was announced by Treasury...

  • SBA programs: The basics.  // Enterprise/Salt Lake City;4/26/2004, Vol. 33 Issue 44, Special section p9 

    Provides information on some of the programs and services of the U.S. Small Business Administration (SBA). Mission of the SBA; Services offered by Small Business Development Centers; Goal of the agency's Surety Bond Guarantee Program.

  • SBA Surety Bond Amount Doubles.  // Credit Union Times;4/15/2009, Vol. 20 Issue 15, p36 

    The article reports that the amount of Small Business Administration (SBA)-backed surety bonds were increased up to $5 million in the U.S. It states that the new $5 million amount which will take effect on March 27, 2009 is more than double than the previous $2 million maximum surety bond...

  • Surety bonds for small companies. Weaver, Gray // Business Journal Serving Southern Tier, CNY, Mohawk Valley, Fing;8/21/95, Vol. 9 Issue 17, p16 

    Reports on surety-bond companies in the United States, based on the survey conducted by the National Association of Surety Bond Producers (NASPB). Surety-bond companies writing bonds for small contractors; Role of the United States Small Business Administration's Surety Bond Guarantee Programs.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics