Capital Assistance and Bonding Programs

SBA Surety Bond Guarantee Program

Surety bonds help small businesses win contracts by providing the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies.

The SBA guarantees surety bonds for certain surety companies, which allows the companies to offer surety bonds to small businesses that might not meet the criteria for other sureties. The SBA Bond Guarantee Program assists small businesses in obtaining the bonds they need to participate on larger projects that require bonds. The Crestway Group (CWG) works with the SBA program and helps many contractors get the bonds they might not have otherwise been able to obtain.

How the SBA Surety Bond Program Works

  1. Client request a surety bonds since contracts require that the business doing the work be properly bondeded.
  2. Client work with the Crestway Group to obtain bond requirements.
  3. SBA guarantees surety bonds so more small businesses can qualify.
  4. Small businesses get SBA-guaranteed surety bonds so they can get to work.

Bond Types

  •  Bid Bonds – Ensures full payment and performance bonding from the contract bidder.
  •  Payment Bonds -Ensures full payment to the suppliers and subcontractors.
  •  Performance Bonds – Ensures full completion of a contract by small business.
  • Ancillary Bonds – Ensures completion of requirements outside of performance or payment, such as maintenance.

Why Crestway Group

The Crestway Group (CWG) Surety Bond Division specializes in SBA bonds that may have previously been declined by other sureties. We use tools which allow us the freedom to think outside the box with our underwriting strategy. CWG handles difficult accounts using funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CWG can also provide SBA Bonds through the SBA Quick Program which utilizes a short application and no financials required. Interested in obtaining a Surety Bond contact one our team members in our Crestway Group Surety Bond Division that specializes in SBA bonds for assistance.