BizSugar.com › Legal › SBA Surety Bonds, Pt. 1: What’s A Surety Bond, and When Do I Need One?

Are you a contractor bidding on work that requires a surety bond? Do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help.

SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting the guarantee is easier and faster than you might think. In this blog, Part 1 in our series on SBA’s Surety Bond Guarantee Program, we’ll go over the basics: how surety bonds work; why your business might need one; and how SBA can help you get one through the Surety Bond Guarantee Program.