#71 Exciting Innovations From SBA To Help Bond Agents and Small Contractors

On this episode of Let’s Get Surety we are joined by Jennifer Vigil of the US Small Business Administration, Andrea Haight, of CCI Surety, Inc. and Michelle Savage of XBRL US to discuss the exciting news that the US Small Business Administration is now accepting the Work in Progress (WIP) report data in a machine-readable format using XBRL taxonomy to eliminate the need for bond agents to manually enter data into an online form. We discuss WIP automation testing, SBA’s acceptance and what this will mean to the parties that participate in SBA’s Surety Guarantee Program. NASBP members’ significant role in supporting automation efforts will also be highlighted.

With special guests:

Jennifer Vigil, Acting Director, Office of Surety Guarantees, Office of Capital Access, US Small Business Administration, Andrea Haight, Assistant Vice President, CCI Surety, Inc., and Michelle Savage, Vice President, Communication, XBRL US

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP