Offering specialized surety bond educational services

Foundation Surety specializes in providing comprehensive educational assistance and guidance on SBA Surety Bonds, which are crucial for small businesses aiming to secure contracts. We have developed a range of tailored workshops and resources designed to demystify the bonding process, enhance understanding, and help businesses effectively navigate the requirements and opportunities associated with SBA Surety Bonds. Workshops are available in-person or as online webinars to suit your needs.

Overview

• Why bonds are important
• SBA’s Surety Bond Guarantee Program
• How to obtain a surety bond
• Underwriting an account
• Benefits of working with an SBA surety expert
• Top 10 tips for contractors/small businesses

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Links

Peter C. Gibbs

Tribute Article to Peter Gibbs

Surety Bond Blog

Benefits

• Gain expertise on resources for surety bonding and boost bonding capacity
• Learn about SBA surety bonds, the benefits, and requirements, enhancing your ability to bid on government contracts and larger projects
• Increase your odds of winning a contract and competitiveness
• Stay informed on trends to support business growth
• Network with the former director of SBA’s Surety Bond Guarantee Program and foster valuable connections and professional growth

Did you know?

• According to the U.S. Small Business Administration (SBA), minority-owned businesses often face more significant barriers to securing surety bonds compared to non-minority-owned businesses.
• Minority Business Development Agency (MBDA) data shows minority-owned firms are approximately 30-40% less likely to be bonded compared to non-minority firms.

At Foundation Surety, we are dedicated to helping minority small businesses that encounter difficulties obtaining contract surety bonds in the standard marketplace. As the former Director of the SBA’s Surety Bond Program, Peter Gibbs brings 32 years of experience and expert knowledge from SBA’s Office of Capital Access and Office of Surety Guarantees. Since 2003, he has delivered presentations to surety companies, agents, federal agencies, trade associations, and small businesses across the US. Let us help you achieve your bonding goals.

“Peter was great, as always I learned a lot of new stuff that will keep me out of trouble going forward.”

“Bonding is important for our contracting businesses. The information provided was much needed and great to get a refresher. Thank you.”

“Peter was extremely knowledgeable on the bonding subject. His breakdown of the topic made me reevaluate my relationship with my bonding agent.”

“This was very useful. Peter was loaded with so many great tips, strategies, ideas. His presentation was lively, easy to follow, and well done. Who would have thought “bonding” could be so great?”

“As a small subcontractor that has done many contracts over $100K I was enlightened to hear we should have been getting our own bonds on these jobs rather than riding on the GC’s. This was a lightbulb moment for me. I thoroughly enjoyed the class and am thrilled to know Mr. Gibbs is in our area. Great Class!”

“This is my 4th or 5th class on bonding and today the concept finally clicked for me. I am glad the speaker started with the basics (what is a surety bond?) I know I will learn more on this topic. I had a bond meeting today and I am still learning, but I am being proactive to set the meeting with my agent to keep them up to date on our progress.”