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SBA announces decrease in Surety Bond Guarantee fees

 

Last updated 11/1/2018 at 11:01pm



WASHINGTON – The U.S. Small Business Administration announced the first fee decrease in Surety Bond Guarantees in 12 years. The fee decrease will be in effect for guaranteed bonds approved during fiscal year 2019, in effect now through Sept. 30, 2019.

The Surety Bond Guarantee program is reducing the surety fee from 26 percent to 20 percent of the bond premium charged to the small businesses and reducing its contractor fee from $7.29 per thousand dollars of the contract amount to $6.00 per thousand dollars of the contract amount.

“Reducing the SBG program fees will not only directly...



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