Jun 27, 2019 - 00:00
Your Path to Surety Bonds: What Small Businesses Need to Know
DATE: June 27, 2019
Location: Atlanta Technical College Dennard Conference Center
1560 Metropolitan Parkway SW
Atlanta, GA 30310-444
8:00 – 8:30am Participants Arrive (clear security)
8:30 – 8:35am Welcoming Remarks and Overview of Program
8:35 – 8:45am Small Contractor Success Story: Anthony Hines, Owner, Final Touch Shoes
A local small construction business will provide its story of obtaining financial and surety credit and building it resources network.
8:45 – 10:00am – 75 minutes on Bonding and Insurance: Katie Kleinschmidt, Vice President – Surety, USI Insurance Services
Various types and purposes of surety bonds and how small, emerging, and underserved contractors can begin the process of obtaining bonding. Construction accounting principles and financial systems that every small, emerging, and underserved contractor must know and adhere to for successful bonding relationships and business
10:00 – 10:30am – 30 minutes on Banking & Finance: Ray Pennie, President, Business Development Access to Capital for Entrepreneurs, Tony Christopher, President and CEO, Georgia Certified Development Corporation and Alan Thomes, Managing Director of SBA Banking, Cadence Bank
How to obtain a loan and business lines of credit and establish a working relationship with a banker.
10:30 – 10:35am – Break/Mid-morning networking
10:35 – 11:05am – 30 Minutes on Risk Management and Legal Concerns: Greg Veal; Bovis, Kyle, Burch, & Medlin, LLC
Performance risk, construction law, contracting issues, including change orders and equitable contract price adjustments and remedies available to contractors involved in legal disputes.
11:05– 11:20am Federal Assistance Programs, Earnest Knott, Area Director, SBA Surety Bond Guarantee Program
SBA Surety Bond and Loan Program staffs will discuss their expertise concerning bond and loan guarantees to assist small, emerging, and underserved contractors.
11:20 – 11:50am Local Procurement Opportunities, Andrew Smith, Georgia Tech Procurement Assistance Center
The Federal procurement process, as well as ways that a small business can access state, local, and private contracting opportunities.
11:50 – 12:00pm – Other Resources
12:00 – 12:10pm – Producer Insights for Success
12:10 – 12:15pm – Concluding Remarks: Wrap-Up/Additional Resources
12:15 – 1:00pm – Network with a Surety Professional