Does the SBA charge the contractor for the bid bond as well as final bond guarantees?
SBA does not charge a contractor for bid bond guarantees. The contractor’s fee applies to a final bond guarantee only. The Surety Company may charge a service fee for issuing bid bonds. Back to top How long does it take for the SBA to process an application? Generally, it takes only three to five days to process a properly completed application for a SBA guarantee. Back to top How long can I participate in the program? There is no limit on the length of time that a contractor may participate In SBA’s Surety Bond Guarantee program; however, the goal is to help contractors to obtain bonds without SBA assistance.
