5 Tips to Get Bonded Contracts for Your Business: What Small Business Owners Need to Know
Are you a small business owner trying to navigate the ins and outs of contract surety bonds? Are you running into hurdles? Surety companies determine a company’s “bond-ability” based on several factors and each surety company has its own approach. However, the general approach is in considering ‘the three Cs’: Capital, Capacity, and Character.
The U.S. Small Business Administration’s Surety Bond Guarantee Program helps small business owners obtain contract surety bonds with reasonable terms. Working with an SBA authorized agent provides small and emerging businesses with an additional option for growth and success. Start now by visiting: www.sba.gov/osg.
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