WASHINGTON – The U.S. Small Business Administration’s Office of Surety Guarantees (OSG) and the National Association of Surety Bond Producers (NASBP) are partnering to offer a surety bond training event for small business owners on May 18, to provide greater contract bonding access to small contractors.
The half-day seminars, titled “Your Path to Surety Bonds: What Small Businesses Need to Know,” will be held concurrently in the District of Columbia, Denver and Seattle, with a focus on establishing surety credit relationships. These same-day seminars will launch an awareness campaign on “Bonding across America,” to emphasize the importance of securing surety credit for small businesses pursuing public construction work.
“The difference between a struggling business and a thriving business often is having the right knowledge and having access to sound business advisors,” William Manger, Associate Administrator for the SBA’s Office of Capital Access said. “SBA partners with the surety industry to help small businesses that would otherwise be unable to obtain bonding in the traditional commercial marketplace, and this is one more way we are helping small businesses to grow and create jobs.”
The bonding credit seminars will cover essential information needed to help small businesses understand the best path towards qualifying for surety bonds through the Surety Bond Guarantee Program administered by the SBA. A team of experienced surety professionals will lead the seminars, covering the basics of contract bonding and other key related topics.
The seminars are intended for small businesses that plan to pursue contracts that require bonding, such as municipal, state or federal construction contracts, and have not secured surety credit.
Additional information about the seminars is available at www.nasbp.org/bondingacrossamerica.
For more information about the SBA’s Surety Bond Guarantee Program, visit www.sba.gov/surety-bonds.