Surety Bonds

A surety bond is an instrument that is signed by the Principal (or Contractor) and the Surety Company in order to protect the interests of the Obligee (the buyer, or party issuing the contract) in the event the Principal defaults on the contract. A surety bond is acquired by the Principal from the Surety Company for a fee, as a sort of insurance policy to protect the Obligee. If the Principal defaults, the Surety Company steps in to ensure the contract is completed.

  • A surety bond is a type of insurance that guarantees performance of a contract. If one party does not fulfill its end of the bargain, then the surety bond provides financial compensation to the other party. What is a Surety Bond...
  • Is Your Small Business Eligible for an SBA Surety Bond Guarantee? Several factors are taken into consideration when determining eligibility. To be eligible for a surety bond guarantee: Your business must be classified as...
  • This article contains important information about the application process for a surety bond guarantee by the SBA. Keep in mind that the SBA does not directly bond a contractor. Instead, SBA guarantees bonds issued by a surety...
  • There are two SBA Surety Bond Guarantee Programs, the Prior Approval Program and the Preferred Program. In the Prior Approval Program, all bond guarantee applications are submitted to SBA for prior review and approval. SBA gives...
  • The following charges are in effect for SBA's participation in the bond guarantee program: SBA charges the small business .729% of the contract price for a final bond (payment/performance bond). There is no charge for...
  • Any surety company certified by the U.S. Department of the Treasury to issue bonds may apply for participation in the SBA Surety Bond Guarantee Program, which consists of the Preferred Program or the Prior Approval Program....
  • The Surety Bond Guarantee (SBG) Electronic Application (E-app) system is a web application used to apply for SBA bond guarantees. Contractors can use the E-app System to enter SBG applications, completed required SBA forms, and...
  • The Surety Bond Guarantee (SBG) Electronic Application (E-app) system is a web application used to apply for SBA bond guarantees.  Agents can use the E-app System to enter SBG applications, completed required SBA forms, and...
  • Aegis Security Insurance Company 2407 Park Drive Harrisburg PA 17105-3153 Contact: Donald Morse, VP of Surety Office: (717) 657-9671 Fax: (717) 657-5837 Email: Dmorse@aegisfirst.com American Safety Casualty Insurance CO 100...
  • For a list of all bond agencies by state, please see the attached PDF.
  • CNA Surety Corporation 333 South Wabash, 41st Floor Chicago, IL 60604 Contact: Susan White, Specialty Service Asst. Phone: (713) 513-6309 Fax: (713) 513-6296 susan.white@cnasurety.com Great American Insurance Company 11353...
  • This page lists surety companies and agents who participate in the SBA's Surety Guarantee program. Agents Agents empowered to represent participating surety companies This page lists surety companies and agents who...
  • A list of forms related to Bond Guarantee are listed below. Small Business Forms: SBA Form 413 -- Personal Financial Statement SBA Form 912 -- Statement of Personal History SBA Form 991 -- Surety Bond Guaranty Addendum...
  • This slide deck contains screen shots and descriptions on how to use the Surety Bond Guarantee E-Apps when applying for SBA bond guarantees. The slide deck is customized for contractor applications. Please click the link below for a...
  • This slide deck contains screen shots and descriptions on how to use the Surety Bond Guarantee E-Apps when applying for SBA bond guarantees. The slide deck is customized for agent applications. Please click the link below for a safe...
  • Mr. Peter Gibbs, Deputy Director Telephone: (202) 205-6548 Email: peter.gibbs@sba.gov Mrs. Pam Swilling, Customer Relations Telephone (202) 205-6546 Email: pam.swilling@sba.gov Mrs. Myrtis Morgan, Claims &...

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