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Biden taps Isabel Guzman to lead the Small Business Administration

Biden taps Isabel Guzman to lead the Small Business Administration
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President-elect Joe BidenJoe BidenTrump grants clemency to more than 100 people, including Bannon Scalise bringing Donna Brazile as guest to Biden inauguration Sidney Powell withdraws 'kraken' lawsuit in Georgia MORE has tapped Isabel Guzman to lead the Small Business Administration (SBA), a transition source confirmed to The Hill. 

Guzman is director of California’s Office of the Small Business Advocate, a post she has held since April 2019. Previously, Guzman worked at the SBA under former President Obama as deputy chief of staff and senior adviser to the administrator.

Small businesses have been hit particularly hard due to the coronavirus pandemic, and the SBA under President TrumpDonald TrumpLil Wayne gets 11th hour Trump pardon Trump grants clemency to more than 100 people, including Bannon Trump expected to pardon Bannon: reports MORE was in charge of accepting applications for loans through the popular Paycheck Protection Program.

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Guzman, if confirmed, would oversee any extensions to the loan program, which was intended to provide small businesses with forgivable loans to keep their businesses afloat and keep employees on their payrolls.

The program just received a $284 billion injection from the $900 billion coronavirus relief bill passed in December.

Guzman’s nomination is a win for the Latina community who has called for more representation in Biden's Cabinet. Following his election victory in November, the former vice president promised to create a “Cabinet that looks like America.”

Small Business for America’s Future, a coalition of small business owners, congratulated Guzman for the nomination.  

The coalition’s senior adviser Rhett Buttle said he has worked with Guzman, as well as Biden’s reported pick for Commerce Secretary Rhode Island Gov. Gina RaimondoGina RaimondoBiden introduces Commerce, Labor, Small Business Administration nominees The Hill's Morning Report - Trump finally concedes; 25th Amendment pressure grows Biden taps Isabel Guzman to lead the Small Business Administration MORE (D), over several years and commended her work ethic and commitment to entrepreneurs.

“After four years of an administration that put the needs of big business first, we are encouraged to see President-elect Biden give small businesses the leadership and help they deserve. We welcome an opportunity to discuss small business priorities with the new SBA administrator and commerce secretary,” Buttle said.

Updated 4:54 p.m.