President Obama’s Economic Stimulus Plan is bringing billions of dollars to government agencies for spending, along with surety bonding assistance to enhance contractor’s bidding capacity. In addition, the limit on the US Small Business Administration’s (SBA) surety bond guarantee has increased from $2 million to $5 million under the Economic Stimulus Plan, and can be increased to as much as $10 million for certain federal contracts.
Airport, highway, road and transit projects funded by the stimulus plan represent an important opportunity for construction firms all over the country to create jobs and literally build a stronger economy. Contractors who have surety bonding will be in a better position to benefit from the stimulus spending.
If you’re having difficulty getting the surety bonds you need to support your projects, if future growth depends on expanding your bonding capacity, or if you simply need better service and turn around, you should know that Surety Bond Associates specializes in helping contractors like you. We also have access to a number of special programs for emerging contractors, including the SBA Surety Bond Guarantee Program.