News Letters

December 7th 2005 Newsletter

November 8th 2005 Newsletter

October 18th 2005 Newsletter

Latest News 

SAN FRANCISCO—OAKLAND BAY BRIDGE PROJECT

BOND AND LOAN GUARANTEE PROGRAM

 THE FACTS ABOUT THE BAY BRIDGE BOND AND LOAN GUARANTEE PROGRAM

·        The bond and loan guarantee program allows small and disadvantaged businesses to compete on a level playing field when bidding for work on the new East Span of the

·        San Francisco-Oakland Bay Bridge.

·        A single business could potentially receive up to $1 million in guarantees through this program, which can support loans and bonds that the companies could not otherwise obtain.  When the project is completed and the loans re-paid, the guarantees are released and the trust fund becomes available for future guarantees. 

·        This program allows eligible small and disadvantaged businesses to not only obtain a loan and/or bond it could not otherwise obtain, but to establish a favorable credit history with a lender and/or surety. 

·        Eligible small or disadvantaged businesses must demonstrate that it cannot obtain a loan or bond on the basis of the company’s current financial situation.