Comment on FR Doc # 2010-25999

Document ID: SBA-2010-0014-0003
Document Type: Public Submission
Agency: Small Business Administration
Received Date: November 01 2010, at 12:00 AM Eastern Daylight Time
Date Posted: November 2 2010, at 12:00 AM Eastern Standard Time
Comment Start Date: October 15 2010, at 12:00 AM Eastern Standard Time
Comment Due Date: November 15 2010, at 11:59 PM Eastern Standard Time
Tracking Number: 80b7d274
View Document:  View as format xml

This is comment on Proposed Rule

Surety Bond Guarantee Program; Timber Sales

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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

Related Comments

   
Total: 2
Comment on FR Doc # 2010-25999
Public Submission    Posted: 11/02/2010     ID: SBA-2010-0014-0003

Nov 15,2010 11:59 PM ET
Comment on FR Doc # 2010-25999
Public Submission    Posted: 11/02/2010     ID: SBA-2010-0014-0002

Nov 15,2010 11:59 PM ET