Program

Surety Bond Guarantee Program

Department: SBA

The cabinet-level department or independent agency responsible for the program

Agency: Small Business Administration

The specific agency or sub-agency that administers the program

Program Type:Credit / Loan / Guarantee

The functional category of the program
In Official FIP? Fully represented

(Distinct guarantee program.)

Confidence Level: Medium

Authorizing Statute: 15 U.S.C. 694a et seq.

Funding Status: Annual appropriations

Primary Source: https://uscode.house.gov/download/download.shtml

Notes: Guarantees of bid, payment, and performance bonds for small businesses.

Additional details about data sources and custom mapping of data are available on the Data Details page.

Outlays (millions)

Actual money spent in FY2024

$0

Source: 0 entered intentionally to avoid double counting or because this fiscal flavor is not primary for this row; see Fiscal Method.

Obligations (millions)

Money the government committed to spend in FY2024

$700

Source: 0 entered intentionally to avoid double counting or because this fiscal flavor is not primary for this row; see Fiscal Method.

Budget Authority (millions)

The amount Congress authorized agencies to commit

$56

Source: Estimate: budget authority / subsidy proxy set at 8% of obligation volume for credit programs; see Fiscal Method.

Revenue Loss (millions)

Estimated revenue not collected due to tax policy (tax expenditures)

$0

Source: 0 entered intentionally to avoid double counting or because this fiscal flavor is not primary for this row; see Fiscal Method.

Primary Amount

The primary fiscal measure used for the program

$700

Dollar Basis

The primary fiscal measure used for the program

Obligations

Note: Primary basis is obligations for credit/guarantee-style programs.

Dollar Quality

How directly the dollar amount reflects observed data

Estimated

Actual = reported or observed spending, Estimated = derived from modeling or mapping, Carry-Zero = structural row with no direct dollars