However SBA does provide a guarantee for bid, performance, and payment bonds issued by participating surety companies. What type of businesses are eligible to participate in the program. Generally, all small businesses, whether they are sole-proprietorships, partnerships, or corporations are eligible to participate in SBA s surety bond guarantee programs. It is the surety who issues the bond to a small business contractor. Therefore, a small contractor must first find an agent or surety company.
Many agents have POAs for several surety companies.
The SBA South Florida District Office provides a current listing of agents located throughout Florida, who participate or have formerly participated in SBA s bond guarantee programs. What is the maximum contract size that can be considered for SBA s Bond guarantee. There is no limit to the number of bonds that can be Guaranteed for any one contractor. SBA does not designate a particular agent or surety company for a small contractor. The small contractor is free to change agents or sureties at their own discretion.