The U.S. Small Business Administration (SBA) approved five surety companies during fiscal year 2026 to participate in the Surety Bond Guarantee (SBG) Program.
Surety bonds provide customers with a guarantee that work will be completed and help small businesses compete for and win public and private contracts. The SBA provides participating surety companies a guarantee on surety bonds through the program, allowing the companies to offer surety bonds to small businesses that otherwise might not meet the criteria for other sureties.
“Small manufacturers, contractors, and suppliers are essential to rebuilding America’s industrial base, but too often they are held back from pursuing major projects because they cannot obtain the bonding those contracts require,” SBA Administrator Kelly Loeffler said. “By adding five new surety partners, the Trump SBA is expanding the capacity of our Surety Bond Guarantee Program, offering qualified small businesses a fair chance to compete for — and win — public and private contracts. The expanded network will help manufacturers and contractors obtain bonds for facility expansions, industrial repairs, infrastructure improvements, and the delivery of American-made products.”
The SBA’s Office of Surety Guarantees provides guarantees for bid, performance, payment and maintenance bonds participating surety companies issue for contracts and subcontracts up to $9 million.