In an article on Upworthy, "Most minority-owned small businesses were not able to take advantage of the short-term loans being offered by the federal government during the onset of the coronavirus. Thankfully, basketball legend Magic Johnson is here to help."
Through his EquiTrust Life Insurance Company, "...Johnson has partnered with MBE Capital Partners to source $100 million in loans to minority and women-owned small businesses. The loans will be distributed through the same federal government program that is currently issuing small business loans but will be earmarked to target businesses in need."
Click to apply Paycheck Protection Program (PPP) Loan through MBE Capital Partners.
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To read more of Eric Pfeiffer's Upworthy article, please visit here.
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