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Surety Bond Blog

SURETY BOND UPDATE: Bigger Opportunities for Small Contractors in New Jersey Thanks to the Amended SBA Surety Bond Program

Surety Bond Update for Small Contractors in NJ with Surety Bond Authority The U.S. Small Business Administration has recently announced the changes made to the Surety Bond Guarantee (SBG) Program which will benefit small contractors in the State of New … Continued

Surety Bond vs Letter of Credit

Surety Bond vs LOC: Which is the BETTER option for contractors? To manage risks in construction projects, surety bonds and letters of credit (LOC) are used to ensure financial compensation in case of default or failure to fulfill contractual obligations. … Continued