Official Source
5000-868064
On This Page
Overview#
The SBA has issued Procedural Notice 5000-868064, making updates to two surety bond program SOPs: veteran verification requirements under SOP 50 45 4 and claims procedures under SOP 50 49 0.
Key Changes#
Veteran Verification Updates (SOP 50 45 4)#
The notice updates veteran verification requirements within the Surety Bond Guarantee Program guidance. These changes affect how veteran-owned small businesses are verified for program eligibility.
PSB Claims Procedures (SOP 50 49 0)#
The Preferred Surety Bond Program receives updated claims procedures. These changes affect how surety companies process and submit claims under the PSB program.
Who This Affects#
- Veteran-Owned Businesses: Updated verification requirements for surety bond programs
- Preferred Surety Bond Partners: New claims processing procedures
- Surety Companies: Must implement updated verification and claims workflows
What This Means for Contractors#
Veteran contractors seeking surety bonds should be aware of updated verification requirements under SOP 50 45 4.
Effective Date#
This notice became effective May 5, 2025.
Official Source#
Review the complete procedural notice on the SBA website.
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VerSquare Editorial Team
The VerSquare editorial team provides insights, guides, and analysis for business buyers, sellers, and advisors navigating M&A transactions.
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