National News

Magic Johnson to Provide $100M in Capital to Fund PPP Small Business Loans

NBA legend turned social entrepreneur Magic Johnson has committed to providing $100 million in capital to fund small business loans through the SBA’s Paycheck Protection Program (PPP). His companies, Magic Johnson Enterprises and EquiTrust Life Insurance Company, have partnered with a New Jersey-based lender called MBE Capital Partners that specializes in financing minority and women-owned businesses. […]