SBA: Bond program led to contracts totaling $30M for Colo. firms in 2013

03/12/2014 | American City Business Journals

The Small Business Administration's Surety Bond Guarantee Program enabled small firms in Colorado to win contracts totaling more than $30 million last year, the agency said. The program guarantees performance, payment and bid bonds to motivate sureties to provide bonding for small businesses, the SBA said. To simplify the underwriting process, the agency also has developed the Quick Bond Guarantee Application for contracts up to $250,000.

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