Pandemic Darlings The pandemic economy, in original documents
Home Source documents SBA Information Notice: Clarification of Contract Completion and Notification Requirements

SBA Information Notice: Clarification of Contract Completion and Notification Requirements

Summary

SBA Information Notice, Control No. 5000-873991, effective January 13, 2026, to SBA employees and surety partners, clarifying contract completion and notification requirements. It clarifies the contract completion report requirements to SBA's Office of Surety Guarantees under 13 CFR 115.35, to reduce unnecessary communication or corrective actions by SBA and sureties. It states that surety partners are required to close all bonds after completion of their respective contracts.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

                          SBA Information Notice

TO:    All SBA Employees and Surety Partners                                    CONTROL NO.: 5000-873991

SUBJECT: Clarification of Contract Completion                                   EFFECTIVE: January 13, 2026
and Notification Requirements



The purpose of this notice is to clarify the contract completion report requirements to SBA’s Office
of Surety Guarantees, found at 13 CFR 115.35. This clarification will reduce unnecessary
communication or corrective actions taken by SBA and Sureties.

SBA Surety Partners are required to close all bonds after the completion of their respective
contracts. There are no minimum thresholds that apply to this rule; all changes in contract values
must be reported. Agent and surety users are obligated to maintain accurate file information to
remain compliant with program policies. SBA will not close bonds in the Capital Access Financial
Systems (CAFS) without written consent from the Surety. The procedure to close out a contract is
as follows:

For Agent Users:
   • If there is any change in the contract amount, a completed contract is adjusted for the final
      contract amount in CAFS following the standard increase and decrease procedures. If no
      adjustment is required, no action or notification is necessary by the agent user. SBA will not
      underwrite or review applications below the aggregated reporting threshold of 25% or
      $500,000 under normal circumstances.
   • If the bond amount increased, in the aggregate, by at least 25% or $500,000 of the original
      contract or bond amount, whichever is less, the agent user must follow standard
      increase/decrease procedures and upload all documents as described in chapter 7 of SOP 50
      45 5 to CAFS. SBA will review and make a decision on files exceeding the aggregated
      threshold for compliance in accordance with 13 CFR 115.19.

For Surety Users:
   • Surety users must consult with their agent users (i.e., power of attorney, broker of record) to
      ensure all contract amounts at completion are accurate before proceeding with reporting
      completed contracts.
   • When verified, the surety user must close all completed contracts for the quarter via the Bulk
      Bond Closeout screen or within each surety bond guarantee file in CAFS.

Questions concerning this Notice may be directed to SuretyBonds@sba.gov.

Jermaine Perry
Director, Office of Surety Guarantees.

PAGE 1 of 1                                                                                 EXPIRES:    1-1-27
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
                                    Federal Recycling Program   Printed on Recycled Paper

File and source

File
2026-01_5000-873991.pdf
Size
221,273 bytes
SHA-256
d18ca05d7daa4b345e7a677806253ba74efb44f4ebd988ec217238ee8207cb04
Our copy
2026-01_5000-873991.pdf
Original
www.sba.gov
Back to top