Surety Bond Guarantee Program


Definition of "Surety bond guarantee program"

Miguel C. Martinez real estate agent
Miguel C. Martinez, Real Estate Agent 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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