Heroes & Helpers –
NBA Hall of Fame member, Magic Johnson, announced that EquiTrust Life Insurance Co., of which he owns a majority, is providing $100 million in capital to fund federal loans for minority and women business owners who have been hit hard by the COVID-19 pandemic.
EquiTrust will work with MBE Capital Partners, a lender that specializes in asset-based loans for minority-owned small businesses, to distribute the loans through the federal government’s Paycheck Protection Program. The loans are aimed at supporting people of color and women who operate businesses in under-served communities. Read More