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Training Information Untitled Document
Title: Bonding Part 4: Bonding and Financing for New and Emerging Businesses
Sponsor: Farmingdale
Date(s): 8/4/2010 - 8/4/2010
Start Time: 6:00 PM
End Time: 9:00 PM
Frequency: once
Location: SBDC Training Center
Farmingdale State College - 2350 Broadhollow Road
  Farmingdale, NY 11735
Phone: (631)420-2765
Email: wesnofl@farmingdale.edu
Comments: The last workshop will focus on bonding and financing for contractors. This session will cover what surety bonds are and the various types of surety bonds, how to begin the process of obtaining a bond, the role of the agent/producer and underwriter, the prequalification process, the 3 “C’s” – capital, capacity, and character, the costs of bonding, and how to develop a surety bond relationship. This session will also address the need for capital equipment financing, how to determine working capital requirements, the use of lines of credit and establishing a banking relationship. Pre-registration is required and you must attend the entire 4 part series. To register, call the SBDC at 631.420.2765.
Topics:
  • Procurement/Purchasing

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Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.