How to Build A Construction Business in 2023 (The Easy Way) with Peter Gibbs

Today’s guest Mr. Peter C. Gibbs of Foundation Surety out Maryland is the former Director, of the Office of Surety Guarantees for the SBA. He served in that capacity for more than 15 years. When he retired last year he went out on his own and started a bonding company, Foundation Surety & Insurance Solutions.

In today’s episode, we discuss what it takes to get bonding, Is credit necessary? What about capital? How much capital is needed? What is the difference between an SBA surety versus a non-SBA surety? Mr. Gibbs walks us through an example of how to increase your Bonding. If you are a contractor and you’re having problems with bonding or maybe you think you need to increase your bond, the problem may not be you, it just might be the surety. You could potentially double or quadruple your bond just by switching agents.

Key Takeaways:

• Unlock the secrets of successful bonding
• Leverage working capital for bonding
• Explore the advantages of SBA bonds
• Discover the average bonding agency fee
• Learn the art of growing your construction business

Link to video: