Surety Bond Guarantee Program

Definition of "Surety bond guarantee program"

Miguel C. Martinez real estate agent

Written by

Miguel C. Martinezelite badge icon

Coldwell Banker 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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