SBA nominee has ownership, lending experience

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Associated Press

Posted on January 15, 2014 at 4:00 PM

Updated Wednesday, Jan 15 at 11:03 PM

NEW YORK (AP) — The woman nominated to be the next head of the Small Business Administration has spent decades working with small companies and did a stint in state government.

Maria Contreras-Sweet was introduced by President Barack Obama Monday as his choice to lead the SBA. If confirmed by the Senate, Contreras-Sweet will succeed Karen Mills, who left the SBA at the end of August.

Contreras-Sweet has a wide range of experience having been a business owner, founder of a Latino-owned community bank and a former California cabinet secretary. She's also been an advocate for Hispanics. Contreras-Sweet was born in Mexico, and immigrated to the U.S. with her family when she was 5 years old.

Follow Joyce Rosenberg at www.twitter.com/JoyceMRosenberg

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