Surety Bond Guarantee Program


Definition of "Surety bond guarantee program"

Andres & Maria Fernandez real estate agent
Andres & Maria Fernandez, Real Estate Agent MiamiRent-Sell Realty

Program instituted by the Small Business Administration (SBA) that guarantees a construction contract bond in the event the issuing surety company suffers a loss. This is an effort by the SBA to encourage the awarding of more construction bids to minority contractors.

 

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