What Is the SBA Surety Bond Program? The SBA Surety Bond Guarantee (SBG) Program helps small and emerging contractors qualify for bid, performance, and payment bonds when they might not meet standard underwriting requirements. The SBA guarantees up to 90% of the bond, allowing sureties like ZipBonds to confidently approve more contractors. 2024 Program Updates […]
Category Archives: Contract Bonds
23
Sep
Sep
Payment and Performance Bonds Explained: Fast and Simple with ZipBonds If you’re bidding public projects, you’ll need these two contract bonds. Learn what they are and how to get them FAST. What are payment and performance bonds? Performance Bond: Guarantees project completion for the owner Payment Bond: Ensures subs, suppliers, and workers get paid Who […]
28
Feb
Feb
There are several types of surety bonds. Two of the main categories are contract bonds and commercial bonds, which we’ll cover today. While they have overlapping similarities, they also have some distinct differences that set them apart. Read on to learn when and why you might need to obtain one of these types of surety […]
31
Jan
Jan
If you’re a contractor or involved in bidding on construction projects, this post will equip you with valuable insights. We’ll dive into what a bid bond is, how it works, the costs involved, and the application process. Bid Bond Definition A bid bond, a type of construction bond, guarantees a contractor will submit a bid […]
15
Jan
Jan
Becoming a contractor can be a fulfilling and rewarding career choice. You’ll have the opportunity to lead projects, showcase your skills, and build a successful business. If you’re interested in a career in construction, this guide is a great starting point.
09
Dec
Dec
Don’t miss out on the perfect project because you don’t have a bond program in place. Learn what it is, how it works, and why it’s essential for your business. What is a bond program? A bond program is a pre-arranged agreement that allows contractors to obtain multiple surety bonds quickly without needing to go […]
05
Dec
Dec
When it comes to surety bonds, “good enough” doesn’t cut it. At ZipBonds, we believe contractors and insurance agents deserve more speed, expertise, and support from start to finish. Unlike providers that dabble in both insurance and bonds, we focus 100% on surety. That means we don’t just issue bonds; we craft solutions. Our approach […]
02
Dec
Dec
ZipBonds is different from any other surety provider out there. Our customers come first, and we genuinely care about the outcome of your next project. When you partner with Zip, you gain a teammate who will walk with you through the bidding process until project completion. And we’re not just reliable, we’re FAST. We offer […]