Effective October 1, 2025, the United States Federal Government has shut down. This has resulted in the Small Business Administration’s (SBA) Surety Bond Guarantee Program to cease operations. No new bond requests will be processed or issued until the government shutdown has ended and staff are able to return to office.
What does this mean for our clients?
When a small business cannot obtain surety bonds through the standard market or they cannot get qualified with reasonable terms, the SBA’s Surety Bond Guarantee Program can be a valuable resource in helping companies obtain bonding support that may not be otherwise available. If a small business needs to utilize the SBA’s Surety Bond Guarantee Program for an upcoming bid bond, performance bond, payment bond, or ancillary bond, please know that bond applications will not be reviewed, processed, or issued until the federal government reopens.
What can you do in the meantime?
Despite the SBA not being able to review, process, or issue any bonds at this time, Goldleaf will continue to work with our clients in obtaining the necessary information, applications, and documentation that will be necessary for review once the government shutdown ends. Please note, we do anticipate there being longer processing times due to the influx in submissions once this program restarts.
If you have any questions on the SBA’s Surety Bond Guarantee Programs or want to start the bond application process, please do not hesitate to reach out to our New Business Intake Manager, Kendyl Meseck. Kendyl is available to help navigate the beginning stages of the application process and answer any questions you may have. We look forward to working with you soon.
