Surety Bond Guarantee Program

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
gptkbp:administeredBy gptkb:U.S._Small_Business_Administration
gptkbp:appliesTo federal, state, local, and private contracts
gptkbp:benefit increased access to bonding for small businesses
gptkbp:country gptkb:United_States
gptkbp:enables small businesses to compete for contracts
gptkbp:establishedBy gptkb:Small_Business_Administration
gptkbp:guarantees up to 90% of bond amount
https://www.w3.org/2000/01/rdf-schema#label Surety Bond Guarantee Program
gptkbp:maximumContractAmount $6.5 million (non-federal) and $10 million (federal)
gptkbp:provides guarantees on bid, payment, and performance bonds
gptkbp:purpose to help small businesses obtain surety bonds
gptkbp:requires application through participating surety companies
gptkbp:targetAudience small businesses
gptkbp:website https://www.sba.gov/surety-bonds
gptkbp:bfsParent gptkb:Small_Business_Administration_(USA)
gptkbp:bfsLayer 7