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SBA Surety Bond Guarantee Program

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Date: Thursday, November 20, 2014
Start Time: 11:00 AM EST
End Time: 12:00 PM EST

Location: Web Conference

Fees: Register Now
Business Member - $20
Supplier - $0
Registrant - $20
Member Plus - $0
Board of Experts - $0
Association Partner - $0
Association Member - $0
Resource Partner - $0
Govt Supporting Member - $0
Government Member - $0
Prime Contr Sup Mbr - $0
Prime Contractor Mbr - $0
Leadership Team - $0


Meetings FAQ and Contact Us

Region: National
Network: Manage & Grow Your Business
Group: Access to Capital, Construction, Federal Government Contracting
Category: Construction & Real Estate, Financial Management, Government Contracting, Financing & Loans, Manage, Growth & Leadership, Business Finance & Insurance, Government Contracting, Federal Gov't Agencies
Tags: bonding, surety, construction, DOT, government contracts
A surety bond is a document signed by the contractor and the surety company that assures the project owner the contract will be completed.  Contractors obtain surety bonds from surety companies or agents representing surety companies. Most public construction contracts and many private contracts require one, so if you’re a construction or service contractor bidding on a project, you’ll probably need a surety bond. 

SBA guarantees bid, performance and payment bonds issued by surety companies. This Federal guarantee encourages surety companies to bond small businesses who are having difficulty obtaining bonding on their own. 

Presenters: 

Peter C. Gibbs is Deputy Director for the Office of Surety Guarantees (OSG) at the US Small Business Administration (SBA) Headquarters in Washington, DC where he manages a staff of over 20 professionals at the organization’s headquarters and regional offices in Denver, CO and Seattle, WA.

Mr. Gibbs joined OSG in 2005 and is responsible for developing and recommending policies and procedures, guidelines and criteria for evaluating and mitigating all programs and operation efforts; including those governing the regional office.  In addition to operations and personnel management, Peter works closely with Surety Companies who provide over $7 billion annually in bonds guarantees to small businesses throughout the United States.

Earnest Knott is the Senior Financial Analyst for the U.S. Small Business Administration’s Office of Economic Opportunity, Microloan Program in Washington, DC.  Mr. Knott has over 20 years of experience   servicing small businesses.   Prior to assuming his present positions in the Microloan Program in October 2008, he served in a number of positions in various programs throughout SBA.  These programs included the Office of Surety Guarantee, Office of Small Business Investment Companies, Office of Small Business Development Centers, and the Office of Certification and Eligibility as well as in the Washington District Office.  Mr. Knott received his B.S. in Accounting from the University of Baltimore, and holds MBA with a concentration in Finance from the Earl C. Graves School of Business at Morgan State University.

Tamara E. Murray is the Underwriting & Marketing Specialist for the U.S. Small Business Administration’s Surety Bond Guarantee Program in Denver, CO.  Tamara began her career in the surety industry in 1990.  Prior to joining SBA in June 2007, Tamara worked as a surety underwriter for a small regional surety company in Denver, CO and as the bond manager for a small independent surety and insurance agency in Fort Worth, TX. 

M. Catharine Powers is the Marketing/Underwriting Specialist for the U.S. Small Business Administration’s Surety Bond Guarantee Program in Seattle, WA.  After college at Pepperdine University, Malibu, Catharine began her career in the surety industry starting in 1978.  She has worked for both Standard Market surety companies as well as Specialty surety companies. She has also worked for insurance agencies in both the State of California and the State of Washington.  Catharine has been with the SBA since January, 2010.

  

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