Top US Surety Agency Facilitates SBA Bond Guarantee Program For Contractors

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ubcnewsworld
Business & Economics
https://www.suretybondprofessionals.com/sba-program
Top US Surety Agency
Facilitates SBA Bond
Guarantee Program For
Contractors
Above all else, surety bonds give you peace of mind - since
sub-contractors can’t hold you responsible for unpaid
materials or services. 
Surety Bond Professionals, an
independent bond-only agency, now
provides assistance to small
businesses looking to obtain
construction bonds they might not
typically be approved for. 
Through the Small Business Administration (SBA) Bond Guarantee
Program, you can secure larger bond thresholds than you would
qualify for in standard markets.
As the SBA does not issue bonds
directly, SBP acts on its behalf -
issuing the surety bond once the
SBA application has been
approved. 
The agency will help you secure the construction bond
needed with the largest single/aggregate capacity and best
terms possible.
Business involves risk and
uncertainty - especially the
construction business.
These risks are compounded for smaller players who meet the SBA’s criteria for small
business incentives/assistance - but a surety bond provides financial assurance that the
contractors will finish the construction project as agreed and budgeted in the contract. 
As the construction market - almost $1.5
trillion in total - is expected to see strong
demand in 2022, small businesses will be
competing for federal projects as well,
which require the principal party to be
bonded.
To make the process easier for you, SBP collaborates directly with all
concerned parties - including the principal or contractor and the SBA -
in the issuance and securitization of the necessary bonds.
The sole difference with an SBA-
guaranteed bond is that if you do
not repay the surety in full, the SBA
will cover 80-90 percent of your
debt to the surety.
One recent client commented: "We have been working with Mark
Leskanic of Surety Bond Professionals for several years now."
"Mark and his staff of very skilled
professionals have been a crucial part
of our growing general contracting
business. I would without a doubt
recommend their services."
Go to https://www.suretybondprofessionals.com/sba-program for more information.