59.016: Surety Bond Guarantees
Overview
Program Number
59.016
Status
Active
Last Modified
July 12, 2022
Date Posted
July 12, 2022
Objective
To guarantee surety bonds issued by Treasury listed surety companies for small businesses unable to obtain a bond without an SBA guarantee. The guarantees range between 80 and 90% and cover losses and expenses incurred by an SBA approved participating surety should the small business default on the contract.
Type of Assistance
G - Insurance (Guaranteed Surety Bonds)
Applicant Eligibility
Guarantees are limited to those surety companies holding certificates of authority from the Secretary of the Treasury as an acceptable surety for bonds on Federal contracts. Specific criteria apply to the Prior Approval and PSB Sureties.
Beneficiary Eligibility
For most contracts, a small business is eligible for bond guarantees issued by the surety bond program if it qualifies as a small business under Code of Federal Regulations Subpart 121, Size Eligibility Provisions and Standards. To learn more, visit www.sba.gov/size-standards.
Additional Information
Federal Award Analysis
Surety Bond Guarantees grant spending
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Contracts
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Subcontracts
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Grant Awards
Surety Bond Guarantees direct grants
Grant Opportunities