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Surety Bond Program (Maryland)

Eligibility 
Agricultural
Commercial
Fuel Distributor
Industrial
Installer/Contractor
Retail Supplier
Systems Integrator
Transportation
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Maryland
Program Type 
Bond Program
Provider 
Maryland Department of Business and Economic Development

The Surety Bond Program, a program of the Maryland Small Business Development Financing Authority, assists eligible small businesses in obtaining bid, performance or payment bonds necessary to perform on contracts where the majority of funds are also provided by a government agency or public utility. Bonds that are directly issued are limited to $5,000,000. Guaranties are limited to 90% of the face value of the bond not to exceed a maximum participation of $5,000,000.