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To guarantee surety bonds issued by Treasury listed surety companies for small businesses unable to obtain a bond without an SBA guarantee. The guarantees range up to 80% and 90% and cover losses and expenses incurred by an SBA approved participating surety should the small business default on the contract.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
Information available on SBA’s website at www.sba.gov/about-sba/sba-performance
Not available
6568000000
In FY 2022, the SBA guaranteed more than 8,300 bid and final (payment and performance) bonds for a combined contract value of $6.3 billion, which supported over 33,000 jobs through the Surety Bond Guarantee program.
For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report
In FY 2023, the SBA guaranteed more than 9,200 bid and final (payment and performance) bonds for a combined contract value of over $7.2 billion, which supported nearly 38,000 jobs.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
