Hector V. Barreto, who has served as administrator of the Small Business Administration since 2001, is stepping down to become national chairman of Hispanic advocacy organization The Latino Coalition.

Under Barreto's guidance, the agency doubled the number of loans made through its main SBA business loan programs. However, the agency came under fire recently from lawmakers following Hurricanes Katrina and Rita for what they considered a low number of loans to affected businesses. Barreto pointed out that his agency granted $8.4 billion in loans.

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