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Toll Free: 866-430-3322 7:30AM - 4:30PM MST
Want to stay connected and learn about Bonds? Sign up for our newsletter!
As National Small Business Week approaches, we’re proud to highlight our continued partnership with the Small Business Administration (SBA) in the Surety Bond Guarantee Program. This vital program helps small contractors who might otherwise struggle to obtain bonding in the traditional surety marketplace to compete as a bonded contractor for larger bids!
The SBA Surety Bond Guarantee Program serves as a critical lifeline for small and emerging contractors. Through this program, the SBA guarantees bid, performance, and payment bonds issued by authorized SBA Surety Companies like The Surety Place. This small business service opens doors for contractors to competitively bid on larger contracts.
Key benefits of the program include:
• Bid, Performance, Payment, and Ancillary Bonds
• Bonding up to $9 million for all contracts [Increased in 2024]
• Bonding up to $14 million for federal contracts
• Streamlined application process
• Quick turnaround times
• Bonds available for federal, state, and local government contracts
• Support for contracts requiring performance and payment bonds
The SBA offers comprehensive resources to help contractors understand the program requirements and application process. Visit the SBA Surety Bonds page for official guidelines and eligibility criteria.
The SBA’s Surety Bond Guarantee Program had its strongest year on record in Fiscal Year 2025, backing $10.6 billion in total contract value and assisting more than 2,200 small businesses, especially those within the construction and contracting sectors. Contracts generated for small businesses exceeded $3.4 billion, surpassing the previous annual record by 19%.
For contractors, the growth reflects something real happening in the market: more small construction businesses are successfully competing for — and winning — larger contracts that may have previously felt out of reach. This program exists precisely to make that possible, stepping in where traditional surety qualification falls short and giving smaller contractors a legitimate path to bid on work they’re ready for.
The record results are a signal worth paying attention to. If you haven’t explored whether the SBA Surety Bond Guarantee Program could expand what your business — or your clients — can bid on, now is a good time to ask.
At Surety Place, we’ve established ourselves as leaders in the SBA bond marketplace. We’re particularly proud to have been named a Top Performing Surety Agency by the SBA for our dedication to providing bonding solutions that help small businesses grow.
Our team has extensive experience in navigating the unique requirements of the SBA Surety Bond Guarantee Program, helping contractors access bonds for federal, state, and local projects. Discover the full benefits of the SBA program.
National Small Business Week (May 3 – 9, 2026) represents an opportunity to celebrate and acknowledge the critical contributions of America’s entrepreneurs and small business owners. The SBA offers a free virtual summit, webinars and resources, networking events, and award recognition ceremonies for the impactful and impressive small business owners.
The SBA is hosting its annual Virtual Summit, a 2-day (May 5 – 6) online seminar featuring keynote addresses from industry leaders, educational panels, and networking opportunities. Registration is now open for this free event that connects small businesses with resources to thrive in today’s economy. Register for the Virtual Summit.
America’s Small Business Development Centers (SBDCs) are offering specialized webinars throughout the week focusing on critical business topics including access to capital, federal contracting, and bonding requirements. Explore SBDC events.
On May 9th, 2002, The Surety Place opened its doors with a simple mission: be a people-first surety agency that contractors, agents, and businesses could actually count on. Twenty-four years later, that mission remains at the heart of everything we do — and the impact has grown beyond anything we could have imagined when we started.
The relationships we’ve built over the years are what make this milestone meaningful. Agents who have trusted us to take care of their clients year after year. Contractors who came to us early in their careers and are now bidding on the largest projects of their lives. Clients who keep coming back because of the trust and confidence we’ve worked hard to earn. That kind of loyalty means everything to us.
This anniversary belongs as much to you as it does to us. Thank you for 24 years of trust and for giving us the privilege of being your surety agent. Here’s to another year of doing what we love — serving you. 🥂
