April 10, 2009

Recovery Act More Than Doubles Surety Bond Guarantee

(WASHINGTON) Effective March 27, 2009, small businesses that need surety bonds to compete for construction and service contracts can qualify for U.S. Small Business Administration-backed surety bonds of up to $5 million.  The higher amount, a result of the Recovery Act, is more than double the previous $2 million maximum surety bond guaranteed by SBA.
 Through [...]