The moment has finally arrived; the Small Business Administration is pushing enhancements to their struggling bond program. The improvements are small, but it’s a step in the right direction.
Legislators have been striving to make improvements to the government run U.S. Small Business Administration (SBA) Bond Guarantee Program for the last couple of years now. Though the changes proposed by various state Representatives have been meant to benefit small contractors; they seem to be pinpointing the wrong target and end up missing the bigger read more »
The Federal Stimulus fund will refund surety bond premiums for contractors ARRA transportation infrastructure contracts. See: Disadvantaged Business Enterprise American Recovery and Reinvestment Act Bonding Assistance Reimbursable Fee Program (DBE ARRA BAP) “This new program, which will be administered by the Department of Transportation’s Office of Small and Disadvantaged Business Utilization (OSDBU), allows small and read more »
The SBA has increased their maximum bond amount for a second time this year. In February, we wrote an article on the stimulus bill which spoke of an increase from $2 to $5 million. Technically, the ceiling is still at $5 million (see: SBA FAQ). The changes allow up to $10 million only when “the read more »