Surety Bond & Finance Program

The purpose of the LACCD Surety Bond and Finance Program is to assist contractors with bonding, financing and other technical assistance to enhance contracting opportunities on the Proposition A and AA building program. The College District has established an aggressive economic development program to ensure the infusion of Proposition A and AA taxpayer dollars back into local communities by creating business opportunities for local companies. This Program was created to assist contractors with some of the most common barriers to public contracting.

Enrollment Eligibility

Local, Small, or Emerging Businesses.

Local: Businesses with principal headquarters within Los Angeles County.

Small: Defined by the Small Business Administration as businesses that typically generate less than $28.5 million over three years.

Emerging: Businesses with less than five years of operation.

Program Services

	Bid, Performance and Payment Bond guarantees to surety companies up to 40% of bond or $750,000, whichever is less;
	Loan assistance with financial institutions;
	Funds Administration-Payment of funds administration fees up to 1% of the contract amount ;
	Training-Individual counseling and group workshops on bonding, financing and business management.

For more information about the LACCD Surety Bond & Finance Program, please contact:

Paulette Williams, Manager
(213) 228-1080
Paulette@imwis.com

Gerald Greene, Outreach Coordinator
(213) 228-1084
Gerald@imwis.com

www.imwis.com/laccd.htm