Surety Bond Basics for Government Contracting and More
Register Here Use code 20nwla23 to access this webinar for FREE
If your industry requires bonding, this webinar is for you. It will teach start-ups the challenges they will face in securing bonding for the first time and provide guidance to contractors who are not quite ready to produce financial statements.
The credit-based surety programs base approval on prior completion history and personal credit, thus posing a potential problem for companies whose owners’ credit scores are less than stellar. Hence, in this webinar, you will learn:
- How the SBA bond program can help you if your personal credit score is 660 or lower; and
- Why even a modest bank line of credit can provide additional bonding support.
In addition, you will also learn financial analysis basics and the importance of tracking your project using a Work In Progress schedule.
Specifically, this webinar will cover the following topics:
1. Suretyship Law – Surety v. Insurance
2. Credit-Based Programs – Why personal credit is so important
3. SBA Bond Guaranty Program – Federally-backed bond program to help those whose credit score is relatively low
4. Understanding working capital and net worth calculations
5. Defining Work in Progress – Percentage of completion basics
6. Types of financial statement preparation
Register Here Use code 20nwla23 to access this webinar for FREE