New SBA Rules Increase Access to Bonds for Small Businesses
| August 25, 2007 |  View for printing |
The U.S. Small Business Administration has taken a number of steps to reinvigorate its Surety Bond Guarantee Program and make it easier for small businesses to obtain bonds.
The new rules published in the Federal Register establish a more flexible pricing structure, allowing Preferred Surety Bond Sureties to charge current state rates rather than being locked into rates that, set under and required by the former regulations, had become outdated and unwieldy over time.
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