Tipsheet

Senate Confirms Isabel Guzman to Lead Small Business Administration

The Senate confirmed Isabel Guzman to serve as the Administrator of the Small Business Administration (SBA), after she previously served as the director of California’s Office of the Small Business Advocate. She was confirmed by a vote of 81-17.

Senate Majority Leader Chuck Schumer (D-NY) said that Guzman will "fight for small businesses" as the pandemic continues.

The SBA under the Trump administration spearheaded the lifesaving Paycheck Protection Program (PPP), which allocated billions of dollars in forgivable loans to American small businesses suffering from coronavirus-related burdens. Both Republican and Democratic lawmakers are advocating to extend the PPP past the March 31 deadline, as small businesses continue to face lockdown challenges.