Effective September 7th, the SBA has raised the contract limits to $500,000 for their QuickApp, making it easier to help small contractors bid on big jobs!
$500,000 Contract Limit
LDs up to $2,500 a day
Demolition projects acceptable
Project completion terms up to 1 year
Maintenance terms up to 2 years
Hazardous waste, timber sales & projects underway excluded
No previous bond claims or defaults for business
To review the changes in detail, please click here.
We have access to the SBA Bond Guarantee Program!
The SBA Guarantee Program is a federal program that can help small contractors get bonded so they can bid on public jobs for city, county and state entities.
For more information on how the SBA Bond Guarantee Program can benefit your contractor clients, contact Nicole McGee.