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
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
Primary Contact
Camille Campbell
Camille Campbell
Address
617 North 3rd Street
Baton Rouge, LA 70802
617 North 3rd Street
Baton Rouge, LA 70802
Phone
(225) 342-5534
(225) 342-5534
