Biden taps Isabel Guzman to lead the Small Business Administration

Biden taps Isabel Guzman to lead the Small Business Administration
© Getty Images

President-elect Joe BidenJoe BidenThe Supreme Court and blind partisanship ended the illusion of independent agencies Missed debt ceiling deadline kicks off high-stakes fight Senate infrastructure talks spill over into rare Sunday session 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 TrumpTrump PACs brought in over M for the first half of 2021 Chicago owes Trump M tax refund, state's attorney mounts legal challenge Biden hits resistance from unions on vaccine requirement MORE was in charge of accepting applications for loans through the popular Paycheck Protection Program.

ADVERTISEMENT

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 RaimondoSunday shows - Jan. 6 investigation dominates Commerce secretary: We're 'very close' to passing bipartisan infrastructure bill Sunday shows preview: Bipartisan infrastructure talks drag on; Democrats plow ahead with Jan. 6 probe 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.