Access to Capital

Access to bonding is only one of the barriers preventing smaller contractors from competing in public works construction. Small contractors are often caught in a vicious cycle that prevents them from obtaining surety bonds. They are unable to obtain surety bonds because they often lack the net worth and working capital to overcome surety underwriting criteria. Because they can’t land the profitable projects without surety bonds, these contractors are unable to build the required net worth and working capital to qualify for surety bonds.

Surety Bond Associates has a long standing track record of providing undercapitalized firms access to working capital financing necessary to mobilize and properly cash flow their projects. Plus, we have established partnerships with a variety of lenders and the US Small Business Administration that facilitate such financing.

Find out more about access to working capital, and submit a prequalification application today.

Philadelphia Industrial Development Corporation (PIDC) Contract Line of Credit Program – Provides Philadelphia based small, minority, women, and disabled-owned businesses a line of credit to fund contract-related working capital.

NYC Contract Financing Program – NYC Business Solutions helps small businesses, including M/WBEs, across all industries secure low-rate loans to compete on City contracts.

BOC Capital Corp – BOC Capital Corp is a Community Development Financial Institution and SBA Microloan Intermediary dedicated to providing small and M/WBE owned construction contractors succeed and grow. BOC Capital is intensifying its focus on the construction industry with the aim to improve the economic prospects of small construction businesses whose opportunities are hindered by lack of access to capital and management support.

Cooperative Business Assistance Corporation – CBAC is a nonprofit organization providing market or below market interest rate business loans and technical assistance to small businesses located in or moving into the Philadelphia, Pennsylvania and Southern New Jersey region.
Get Pre-Approved Today – Download Word file

New York Bridge To Success Program – Empire State Development’s “Bridge To Success” loan program provides short term loans up to $200,000 to M/WBE contractors bidding on New York State contracts.

New York State Surety Bond Assistance Program – The NYS Surety Bond Assistance Program (NYSBAP) provides technical and financial assistance to help contractors secure surety bonding. Contractors may be eligible to receive a guarantee of up to 30% (maximum of $600,000) to secure a surety bond line, bid bond or a performance and payment bond on state and city projects.

Regional Business Assistance Corporation – (RBAC) is a non-profit community wide loan program that provides financing to both new and existing small businesses in New Jersey Quite. RBAC’s micro loan program offers business loans up to $35,000. The Mercer County Loan Fund can offer financing from $25,000 to $125,000 for start up or expansion of Mercer County businesses.
Get Pre-Approved Today – Download PDF

Union County Economic Development Corporation – UCEDC offers financing to fit a variety of business needs. From a microloan for a start-up venture to gap financing for an established company, UCEDC provides access to capital that may not be available elsewhere.
Get Pre-Approved Today – Download PDF

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