The division has dedicated resources to provide expertise in helping companies get bonds quickly. It is also designed to provide individualized expertise for those companies that may have difficulties in obtaining surety bonds due to credit or financial difficulties. This expertise can help struggling businesses get proper surety credit and, by extension, more business. To know more about bid bonds, click here: http://swiftbonds.com/
“The SBA, through its Surety Bond Guarantee program, has increased its maximum contract ceiling from $2 million to $6.5 million by the National Defense Authorization Act of 2013” said Gary Swiftbonds, President of Swift bonds. “This change has led to a large impact on our clients – small to medium-sized businesses and we fully intend on helping them capitalize on these opportunities.”
The increased opportunities for small and medium-sized construction companies are being helped not only through the SBA’s increase in the contract ceiling, but also by an expected turnaround in the construction industry. Private industry is poised for a increase as well as infrastructure improvements being led by the United States government. Further, state and local governments have finalized budgets based on good 2013 budget numbers and local initiatives are poised to grow in 2014.