More information on the state's response to COVID-19's impact on small businesses More Info
Surety bonds help small businesses win contracts by providing the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies. The SBA guarantees bid, performance, and payment surety bonds for certain surety companies, which allows the companies to offer surety bonds to small businesses that might not meet the criteria for traditional surety bonds.
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