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. […]
Tag Archive | "surety bonds"
Recovery Act doubles surety bond guarantee for small businesses
Posted on 29 March 2009.
Posted in Business NewsComments Off on Recovery Act doubles surety bond guarantee for small businesses
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