Bonding Assistance Program Overview

Louisiana is unlocking doors for small and early stage construction businesses looking to grow.
To take your business to the next level, you need to secure big contracts, but big projects often require big bonding capacity.
And accessing that kind of capital has been a challenge until now.
The Bonding Assistance Program levels the playing field, giving you the step-up you need to compete in the marketplace as an emerging business or a minority, woman, or veteran-owned company.
The Bonding Assistance Program guarantees up to $100,000 or 25% of the total contract amount for bid bonds, performance bonds, and payment bonds.
Additionally, the Bonding Assistance Program default mitigation fund can provide up to $40,000 of that current guarantee, or 10% of the contract price in mitigation funds, limiting your potential default risk to issuers and ensuring you receive bonding at reasonable rates if determined by the surety.
The Bonding Assistance Program has already helped secure more than $30 million in construction contracts for businesses certified in the LED's Small and Emerging Business Development Program.
If you're SEBD certified, you're qualified to apply for bonding assistance. If you're not certified, visit opportunitylouisiana.gov/SEBD to see if you meet the criteria and start the certification process.
Discover how the Bonding Assistance Program can help transform your business today.
Get your foot in the door at opportunitylouisiana.gov/bondingassistance.