Obtain or Increase Bonding for Your Small Business

Are you interested in competing for contracts with the federal government worth $150,000 or more? If so, the Miller Act requires you to obtain performance and payment surety bonds. Qualifying for a surety bond isn’t always easy for emerging businesses, though. They often face hurdles such as higher costs, posting cash collateral, and outright not being approved for their bond needs. The U.S. Small Business Administration’s Surety Bond Guarantee Program is a government program that helps small businesses obtain their contract bonding needs by providing 80-90% guarantees to partnered surety bond companies on their surety bonds. The guarantee enables partnered lenders to support small business with better bonding terms and higher bonding capacities. This no-cost webinar will cover: • Obtaining first-time bonding • Where to find assistance • Learning your bonding capacity • And more!

Speaker(s): Kevin Valdes is the SBA Surety Bond Guarantee Program’s Underwriting Marketing Specialist for the western third of the country. He has a background in finance with over five years as a surety bond professional in the private and public sectors.

Co-Sponsor(s): Small Business Administration

Fee: No Cost