The SBA is changing the limit for the QuickBond program. The eligible contract amount for the QuickBond Application is increasing to $400,000 from $250,000. The QuickBond program is a streamlined application process, with reduced paperwork requirements.
They are also increasing their Preferred Program guarantee from 70% to 80%/90% AND increasing the minimum reporting threshold requirements from $100,000 to $500,000, allowing for a decrease in financial reporting.
All changes are effective September 20, 2017!
Download the QuickBond Application here.