Download or read book Surety Bond Guarantee Program of the Small Business Administration written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1975 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration s Surety Bond Guarantee Program written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1982 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration s Surety Bond Guarantee Program written by United States. Congress. House. Committee on Small Business. Subcommittee on Procurement, Exports, and Business Opportunities and published by . This book was released on 1995 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sba Surety Bond Guarantee Program written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-12-05 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Surety Bond Guarantee Program is designed to increase small businesses' access to federal, state, and local government contracting, as well as private-sector contracts, by guaranteeing bid, performance, and payment bonds for small businesses that cannot obtain surety bonds through regular commercial channels. The program guarantees individual contracts of up to $6.5 million, and up to $10 million if a federal contracting officer certifies that such a guarantee is necessary. The SBA's guarantee ranges from 70% to 90% of the surety's loss if a default occurs. In FY2014, the SBA guaranteed 12,384 bid and final surety bonds with a total contract value of about $6.4 billion. A surety bond is a three-party instrument between a surety (who agrees to be responsible for the debt or obligation of another), a contractor, and a project owner. The agreement binds the contractor to comply with the contract's terms and conditions. If the contractor is unable to successfully perform the contract, the surety assumes the contractor's responsibilities and ensures that the project is completed. Surety bonds are viewed as a means to encourage project owners to contract with small businesses that may not have the credit history or prior experience of larger businesses and are considered to be at greater risk of failing to comply with the contract's terms and conditions. P.L. 112-239, the National Defense Authorization Act for Fiscal Year 2013, increased the program's bond limit, which had been $2 million since 2000, and was temporarily increased, from February 17, 2009, through September 30, 2010, to $5 million, and up to $10 million if a federal contracting officer certified in writing that a guarantee in excess of $5 million was necessary. Advocates of raising the program's bond limit argued that doing so would increase contracting opportunities for small businesses and bring the limit more in line with limits of other small business programs, such as the 8(a) Minority Small Business and Capital Ownership Development Program and the Historically Underutilized Business Zone (HUBZone) Program. Opponents argued that raising the limit could lead to higher amounts being guaranteed by the SBA and, as a result, increase the risk of program losses. This report examines the program's origin and development, including the decisions to (1) supplement the original Prior Approval Program with the Preferred Surety Bond Guarantee Program that provides a lower guarantee rate (not to exceed 70%) than the Prior Approval Program (not to exceed 80% or 90%, depending on the size of the contract and the type of small business) in exchange for allowing preferred sureties to issue SBA-guaranteed surety bonds without the SBA's prior approval; and (2) increase the program's bond limit.

Download or read book SBA Surety Bond Guarantee Program written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1980 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Surety Bond Guarantee Program of the Small Business Administration written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1975 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Surety Bond and Lease Guarantee Programs of the Small Business Administration written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1976 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Surety Bond Guarantee Program written by United States. Congress. House. Committee on Small Business. Subcommittee on SBA and SBIC Authority, Minority Enterprise, and General Small Business Problems and published by . This book was released on 1983 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration s Surety Bond Guarantee Program written by United States. Congress. House. Committee on Small Business. Subcommittee on Procurement, Exports, and Business Opportunities and published by . This book was released on 1995 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oversight of the Small Business Administration s Finance Programs written by United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Finance, and Exports and published by . This book was released on 2006 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration s Budget for Fiscal Year 1991 written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1990 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business written by United States. General Accounting Office and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration Program Review written by United States. Congress. House. Committee on Small Business. Subcommittee on SBA and SBIC Authority, Minority Enterprise, and General Small Business Problems and published by . This book was released on 1986 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Surety Bond Guarantee Program written by United States. General Accounting Office and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Administration s Performance Accountability Report Fiscal Year written by United States. Small Business Administration and published by . This book was released on 2002 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Need for Improvement in Small Business Administration s Financial Management written by United States. General Accounting Office and published by . This book was released on 1976 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Guide to Starting a Business in Minnesota written by Charles A. Schaffer and published by . This book was released on 1983 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: