President Barack Obama announces he will nominate Maria Contreras-Sweet, founder and board chairman of a Latino-owned community bank in Los Angeles, to head the Small Business Administration (SBA), Wednesday, Jan. 15, 2014, in the South Court Auditorium of the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/Jacquelyn Martin)
Maria Contreras-Sweet, founder and board chairman of a Latino-owned community bank in Los Angeles, accompanied by President Barack Obama, waves as they enter the South Court Auditorium of the Eisenhower Executive Office Building on the White House complex in Washington, Wednesday, Jan. 15, 2014, where the president announced he would nominate Contreras-Sweet to head the Small Business Administration (SBA) . (AP Photo/Jacquelyn Martin)