On January 7, 2020, the U.S. Senate approved Jovita Carranza to lead the U.S. Small Business Administration (SBA) by an 88-5 vote. Carranza is now the highest ranking Hispanic woman in President Trump’s administration.
The administrator of the Small Business Administration is responsible for overseeing the programs that assist small businesses in obtaining loans and loan guarantees, as well as contracts, counseling sessions, and other forms of assistance.
Carranza will replace former SBA chief Linda McMahon, who resigned on April 12, 2019, to become the chair of the America First Action PAC. At the time of her appointment, Carranza was serving as treasurer of the United States. Before serving as U.S. Treasurer, Carranza founded the supply-chain management company JCR Group. She also previously served as the deputy administrator for the U.S. Small Business Administration under former President George W. Bush.
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