Maryland Small Business Development Financing Authority (MSBDFA) – Surety Bond Program (SBP)
The Maryland Small Business Development Financing Authority (MSBDFA) Surety Bond Program (SBP) helps eligible small businesses in Maryland obtain bid, performance, or payment bonds needed to compete for and perform on contracts funded primarily by government agencies, regulated public utilities, or private entities. Offered by MMG Capital Group (Meridian Management Group, Inc.) / Maryland Department of Commerce.
Key Facts
- Funder
- MMG Capital Group (Meridian Management Group, Inc.) / Maryland Department of Commerce
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Status
- Open
About This Grant
The Maryland Small Business Development Financing Authority (MSBDFA) Surety Bond Program (SBP) helps eligible small businesses in Maryland obtain bid, performance, or payment bonds needed to compete for and perform on contracts funded primarily by government agencies, regulated public utilities, or private entities. MSBDFA, managed by MMG Capital Group (Meridian Management Group, Inc.), can directly issue bonds up to $2,500,000 at premiums of 2.0%–3.0% with no additional fees, or guarantee a...
Full requirements and application instructions: official listing.
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