Under this program, small contractors unable to obtain a bond are guaranteed surety bonds issued by commercial surety companies. Guarantees are for up to ninety percent of the losses incurred and are paid by participating sureties when conditions are met. For more information on the program (59.016 Bond Guarantees for Surety Companies) contact Associate Administrator, Robert J. Moffitt, Office of Surety Guarantees, Small Business Administration, 409 Third Street, SW, Washington, DC 20416; 202-205-6540; www.sba.gov
Income Eligibility: Contractors gross receipts must not exceed $6 million as averaged for the last 3 fiscal years
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