Census data shows the impacts of the pandemic on U.S. small businesses. DES MOINES, Iowa - NBA legend Earvin “Magic” Johnson announced this week that an insurance company of which he is a majority owner will offer $100 million in loans to minority- and women-owned businesses impacted by the coronavirus pandemic.
Johnson said his EquiTrust Life Insurance Co. will partner with MBE Capital Partners, an asset-based lender that specializes in loans for minority-owned businesses, to distribute the funds through the Small Business Administration’s Paycheck Protection Program. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The PPP, designed to support small business jobs impacted by COVID-19 as part of the