SBA Surety Guarantee Program

The U.S. Small Business Administration’s (SBA) Surety Bond Guarantee Program, with cooperation from the surety industry, assists small construction companies in obtaining required bonds on federal, state, local, and commercial construction projects and on service and supply contracts and subcontracts. Small and emerging contractors grow by increasing contracting opportunities, especially in public sector construction. SBA Program Overview from Surety Information Office (SIO) SBA Program Overview from the U.S. Department of Commerce (USDC) How to Apply for a SBA Surety Bond Guarantee from Small Business Administration (SBA) Business Insurance Associates, Inc. is appointed with the Small Business Administration (SBA) to write contract surety through the program. In addition, we have appointments with several participating sureties in the Plan A and Plan B programs. For more information, check the frequently asked questions or contact us at (907) 274-4142 during business hours.

In addition to completing the surety specific applications and other standard submission documents, a contractor applying for SBA Surety assistance must complete several SBA forms: Form 413 - Personal Financial Statement Form 912 - Statement of Personal History Form 994 - Application for SBA Assistance Form 994f - Schedule of Work in Progress In recent years, the Small Business Administration has made a number of changes, including the application automation of the surety assistance process, increasing surety capacity up to $ 5 million per project ($ 10 million in some cases), reducing the number of carrier audits, extending greater rate flexibility to surety companies, and reimbursement of surety premiums on some Federal contracts.

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