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US SMALL BUSINESS ADMINISTRATION SURETY BOND GUARANTY ASSISTANCE PROGRAM - page 4 / 19

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PROVIDES GUARANTY TO BONDING COMPANY

1. Guaranty varies depending on contract size and program

2. Guaranty allows surety to relax some of their underwriting requirements

3. In event of bond claim, the bonding company adjusts the claim and then bills SBA for percentage of claim guaranty.

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