Merchants Named SBA Surety of the Year
June 6, 2023
The U.S. Small Business Administration (SBA) recognized Merchants Bonding Company as the 2022 Surety of the Year award winner, for Merchants' "commitment and significant contributions to fostering business growth and success."
Surety Guarantee Partners Awarded
Four awards are given out yearly to partners of the SBA Surety Guarantee program for what the program describes as their "exceptional work helping small business acquire surety bonds, which allows them to obtain federal, state, and private contracts." The total value of contracts awarded through the program for fiscal year 2022 was more than $2 billion. SBA Administrator Isabella Casillas Guzman commended the awardees' commitment to leveling the playing field for small businesses, and for helping to fuel economic growth and job creation.
Merchants' award is a recognition of the work being done through our Specialty Solutions division's ongoing partnership with Foundation Surety and Peter Gibbs, former head of the Surety Guarantee program. Merchants' President and Chairman of the Board Larry Taylor says “We are honored to have Merchants Bonding Company be recognized for supporting the SBA and creating bonding opportunities for traditionally underserved, often disadvantaged businesses. We are grateful for all of our agent partners who have taken advantage of Merchants and our partnership with Peter Gibbs to pursue SBA surety business. It gives Merchants Bonding a unique opportunity to provide diversity and inclusion in ways with real impact and we are proud of our growing leadership in this effort.”
Merchants congratulates the other SBA award recipients
- Surety Agency of the Year: Allstar Surety Company, Inc.
- Surety Agent of the Year: Amanda Quigley of CCI Surety, Inc.
- Small Business of the Year: Jones Masonry Restoration Corporation
Read the SBA official news release here.