CALL 800.417.9210

Buyer Guides
Learn from industry experts before you choose the services you need.
small business general liability insurance
Getting Bonded and Insured to Protect Your Business
Also Receive No Obligation Quotes from 5 Vendors
Also Receive No Obligation Quotes from up to 5 Vendors

Rate It
By: Arlette Measures
Does My Business Need a Surety Bond?

If your business is a contractor on any Federal construction project valued at $100,000 or more, you will be required to have a surety bond. Most state and municipal governments, as well as many private entities, have similar requirements. Having a surety bond can be vital to your business. Whether you are a service provider or a supplier, you may encounter prospective clients who refuse to work with your business unless it is bonded and insured.

How Do I Obtain a Surety Bond?
You can acquire a surety bond through an independent agent or a surety company. As a small business owner, you can work with the Office of Surety Guarantees to guarantee your surety bond. The SBA recommends the following steps when purchasing a surety bond:

Find an agent or surety company. You can work directly with a surety company or with an approved agent. An agent has power of attorney to issue
bonds on behalf of a surety.

Submit required forms. If you are acquiring a bond through the SBA, you will need to complete a couple of forms about your personal and business
financial status, bank information, and business plan, among others. You can file electronically or by paper application.

Wait for SBA processing. After you submit your forms, the SBA will conduct a process to decide whether to approve your application. Generally, it takes only three to five days for an SBA Area Office to process a properly completed application for an SBA guarantee. Your ability to fulfill the contract and your performance capacity are important criteria for winning approval.

Request Your Copy of This Buyers Guide
InsideUp can help you find the best business service providers that meet your specific needs.
If you would like more information, please submit the following:
First Name
Last Name
Phone Number
Zip Code
Employee Size
Job Title

Get Started
InsideUp can help you find the right provider for the business service you need. Use our service to compare service providers

To complete your request, we need the following information:

Get Real World Insights from Our Community Members
See What Members are Saying
Undisclosed has endorsed ProSales Connection, LLC as their Telemarketing provider.
Company Name has endorsed Leaders Merchant Services as their Business Cash Advance provider.
Ottison Dwight 2050 Project Management Consultancy Service has endorsed eCapital as their Factoring Service provider.
CENTRAL PAYMENT SYSTEMS has endorsed TSYS Merchant Solutions as their Credit Card Processing provider.

FREE Mobile App

Connect with our InsideUp Services on the go!
Easy and Convenient to Use
Follow Us
linkedin facebook Google + tweeter youtube pinterest
Get the Latest Edition of Our Newsletter

© InsideUp, Inc., 8880 Rio San Diego, Suite 800, San Diego CA 92108, ALL RIGHTS RESERVED
Site Map | Privacy Policy

To complete your request, we need the following information: