Jovita Carranza
Administrator, Small Business Administration
Jovita Carranza was born in June 1949 in Chicago to an immigrant family from Mexico. She holds an undergraduate degree from California State University at Los Angeles and a BA and MBA from the University of Miami.
She worked her way up in United Parcel Service from a part-time, night-shift box handler to vice president managing domestic operations and president of international operations for Latin America and the Caribbean.
She was appointed by President George W. Bush as Deputy Administrator of the Small Business Administration, serving from 2006 to 2009. She founded a consulting firm that served corporations and others on issues of business development and profit and loss management. She was a lecturer at Johns Hopkins University.
Carranza was nominated by President Donald Trump to be Treasurer of the United States, confirmed by the Senate, and served from January 2017 to January 2020, when she was appointed to be the Administrator of the Small Business Administration. She is the highest-ranking Hispanic woman in President Trump’s Administration.
She is married to Joel Roque and is a mother and grandmother.
In the News…
The head of the Small Business Administration, Jovita Carranza, and Treasury Secretary Steven Mnuchin issued a joint statement regarding the success of the Paycheck Protection Program (PPP):
“The Treasury Department and SBA launched the unprecedented Paycheck Protection Program in just one week. Following its launch, the SBA processed more than 14 years’ worth of loans in less than 14 days, which will protect a vast number of American jobs.
“The PPP enjoyed broad-based participation across the country from lenders of all sizes and a wide array of industries and businesses. From its start on April 3, PPP provided payroll assistance to more than 1.6 million small businesses in all 50 states and territories. Nearly 5,000 lenders participated in this critical program, including significant lending by community banks and credit unions. Nearly 20 percent of the amount approved was processed by lenders with less than $1 billion in assets, and approximately 60 percent of the loans were approved by banks with $10 billion of assets or less. No lender accounted for more than 5 percent of the total dollar amount of the program. …
“The Paycheck Protection Program is saving millions of American jobs and helping small businesses get through this challenging time. We urge Congress to protect millions more American workers and their families by supporting additional funding to support PPP.”
Contact this Leader…
Did you pray for Administrator Carranza today? You can let her know at:
The Honorable Jovita Carranza, Administrator
Small Business Administration
409 Third Street SW
Washington, DC 20416
