To Whom It May Concern,
My husband ownes a logging business in Idaho. We have completed several Timber Sales, and have experienced several problems concerning the performance bonds regulations.
First, we understand why there are such measures in place. We understand that the government wants a guarantee that work on timber sales will be done correctly and in a timely fashion. However, we, as a small business have some concerns with this system.
We have had to have our bank give us the money to make the perfomance bonds. We do not have extra money that we can put towards the bonds ourselves, so we have to loan the money. This shows on our credit as several unsecured loans out at one time. It has a negative effect on trying to get loans for equipment we need to improve our company. Also these loans have payments that we have a hard time making before the job is done and we get the bond money back.
We would love to see changes made in the regulation so that we will be able to complete work on the timber sales with more ease and less stress.
Thank you for taking the time to consider all comments on this matter!
Sincerely,
Tesse Pineda
Secretary
High Mountain Contracting, LLC
Comment on FR Doc # 2010-25999
This is comment on Proposed Rule
Surety Bond Guarantee Program; Timber Sales
View Comment
Related Comments
Public Submission Posted: 11/02/2010 ID: SBA-2010-0014-0003
Nov 15,2010 11:59 PM ET
Public Submission Posted: 11/02/2010 ID: SBA-2010-0014-0002
Nov 15,2010 11:59 PM ET