Louisiana Economic Development (LED) - Bonding Assistance Program
Louisiana Economic Development’s Bonding Assistance Program provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed on public or private jobs.
About
LED Bonding Assistance Program (1:33) from Louisiana Economic Development on Vimeo.
Louisiana Economic Development’s Bonding Assistance Program provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed on public or private jobs.
- Offers 25% of contract price or $100,000, whichever is less, in bond guarantee to surety
- Sureties perform all underwriting and offer competitive rates
- LED's Bond guarantees may mitigate some risk to surety company, leading to a positive underwriting decision
The Bonding Assistance Program is open to all certified Small and Emerging Business Development (SEBD) Program (OpportunityLouisiana.com/SEBD) clients that require bid, payment or performance surety bonds.
Services Provided
Financial Resources and Assistance
- Bonding (Specialty)
Regulatory Compliance
- Bonding (Specialty)
Selling to the Government and Large Corporations
- Obtaining Government Contracts (Specialty)
- Subcontracting Opportunities (Specialty)
Technical Assistance
- LED Programs (Specialty)
Contact Information
Camille Campbell
Camille Campbell
Phone
(225) 342-5534
(225) 342-5534