Latest posts by Sam Amico (see all)
- NBA targeting Sept. 25 for date of draft, sources say - May 29, 2020
- NBA has sights set on July 31 for resumption of season - May 29, 2020
- Many NBA GMs favor ‘playoff-plus’ format to postseason - May 29, 2020
Los Angeles Lakers legend Magic Johnson is offering $100 million in capital to help fund federal loans for minority and women business owners impacted by the cororonavirus pandemic.
Johnson is making the donations via the EquiTrust Life Insurance Co., of which he is majority owner. The money will be distributed through the federal government’s Paycheck Protection Program.
“These are incredible businesses, small businesses, that have been the pillar of our community that also employ a lot of black and brown people in our community,” Johnson said on MSNBC. “… We wanted to make sure that minority-owned businesses got small business loans through the PPP program.”