Updated: May 11, 2021 12:00EST
NEW YORK, May 11, 2021 (Newswire.com) – CapStream™ Technologies today announced it has finalized its expansion into 14 additional states across the nation, bringing the total to 21. CapStream’s primary product is SBA Guaranteed Surety Bonds. Surety bonds are prerequisites in bidding for all Federal construction contracts of more than $100,000 and some private contracts. CapStream, through its affiliate Open Coast Surety, is licensed to provide Property and Casualty Insurance (Home, Auto).
Founders’ Impact™ Inc. Chief Operating Officer Tafara Jhamba, “A goal of ours is to position CapStream to play a focal role in surety bonding, especially for minority contractors, in all 50 states by Q3 2021. This milestone indicates we’re ahead of schedule, and we will be able to deliver surety bonds through our mobile and web applications nationwide well in time for the incoming infrastructure spending boost.”
CapStream Technologies is a portfolio company of Founders’ Impact Inc., a Specialized Small Business Investment Company (SSBIC) licensed by the Small Business Administration. Founders’ Impact’s CEO, Zindel Zelmanovitch, stated that his company is committed to diversifying access to capital and focuses on underserved areas in Banking (MDIs), FinTech and InsurTech.
For more information about CapStream, visit the website here https://www.capstream.app
For more information about Founders’ Impact, visit the website here https://www.foundersimpact.com