Tag Archive | "surety bonds"

Recovery Act doubles surety bond guarantee for small businesses

Posted on 29 March 2009. Tags: , , ,

WASHINGTON, DC -– Effective today, small businesses that need surety bonds to compete for construction and service contracts can qualify for U.S. Small Business Administration-backed surety bonds of up to $5 million. The higher amount, a result of the Recovery Act, is more than double the previous $2 million maximum surety bond guaranteed by SBA. […]

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