SBA Program's Top 10 Bonding Agency
The Bond Exchange recognized as TOP 10 performing bonding agency under the SBA’s Surety Bond Guarantee Program!
This program helps small and emerging businesses by guaranteeing bid, performance, and payment bonds for contracts and subcontracts up to $6.5 million, or up to $10 million if a federal contracting officer certifies that SBA’s guarantee is necessary for the small business to obtain bonding.
In FY 2022, the SBA guaranteed more than $6.3 billion in contract value. Over 1,600 small businesses received assistance through SBA’s surety partners and bonding agencies. Of the more than $2 billion in bonded contracts awarded to small businesses, over 62 percent of guarantees facilitated through the SBA’s Surety Bond Guarantee program went to underserved small business owners.
"We are honored to work with and recognize our FY 2022 top surety companies and bonding agencies,” said Jermaine B. Perry, Director of the Office of Surety Guarantees. “With their assistance and collaboration, we continue to successfully assist small business contractors in securing federal, state, and private contracts. Thank you to our top performers for making the Surety Bond Guarantee Program one of the most effective public-private partnerships in the Federal government." Press Release.