Magic Johnson To Provide $100 Million In Loans To Minority-owned Businesses!!

Magic Johnson wants to see if Lakers can win championship

Church this is the definition of greatness and kindness.  And of course somebody is going to criticize what he is doing, but at least he is creating an opportunity for those who had been shut out of the Federal PPP.  Hall of Famer Magic Johnson is bringing the magic to some of the hardest-hit communities with some much-needed help. His company Equitrust and MBE Capital are donating $100 million in PPP loans to minority-owned businesses. Mr. Johnson made that announcement Tuesday that the company for which he owns a majority will be doing the good deed.  EquiTrust Life Insurance Co., of which Johnson has held a majority stake since 2015, is taking aim at helping the business owners hit hard economically by the coronavirus pandemic.

Comments

  1. Loans!

    That means they gonna have to pay it back.

    I always wondered, why dont these black athletes pool their money so they can help the poor prople of Africa get clean water?

    ReplyDelete
    Replies
    1. Even better what about the poor people in Flint?

      Delete
    2. Them poor people in Africa. Just the basics - food, water, clothing and shelter. This continent starving for centuries.

      Delete
  2. What about the African countries themselves? For example, are you aware that a number of African countries have vast natural resources such as oil, nickle, gold, copper, silver, and diamonds. But, unfortunately, many Africans do not benefit because wealth is concentrated among a few oligarchs or families. Case in point, not only does Nigeria have most of sub-Sahara Africa’s millionaires and billionaires, but some Nigerian’s are consistently in surveys among the world’s richest individuals. It is also of interest to note that several prominent Nigerian pastors are billionaires.

    ReplyDelete
    Replies
    1. Thank YOU Simple Pilgrim.

      My heart just goes out to those poor Africans. These people have been suffering so much so long. And we have these Black millionaires in this country...IJS...

      Delete

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