Although our focus is on the standard market, Gray Surety’s underwriters have tools at their disposal to build custom solutions for more challenging cases.

SBA Surety Guarantee Program

Gray Surety participates in the U.S. Small Business Administration’s Surety Bond Guarantee Program.

The SBA helps small contractors by guaranteeing bid, performance, and payment bonds up to $6.5 million. The SBA can guarantee a bond for a contract up to $10 million if a Federal contracting officer certifies that SBA's guarantee is necessary for the small business to obtain bonding.

For more information on the SBA Surety Bond Guarantee Program, and for participant requirements, please visit their website.

Funds Control

Funds control, also referred to as funds administration, involves the use of a third-party escrow administrator to oversee project cash flow. Our funds control partners receive contract balances and pay all expenses associated with bonded projects. Funds control arrangements enhance a contractor’s ability to obtain surety credit by protecting Gray Surety against payment bond claims.


Although Gray Surety prefers to use funds control, we are also willing to consider collateral arrangements, in the form of irrevocable letters of credit.